The Minimum Support Price (MSP) for which of the following Rabi crops was
increased by ₹50 per quintal over the previous year, in the marketing season 2021-22?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Wheat
Other Information-
- In the marketing season 2021-22, the Minimum Support Price (MSP) for wheat was increased by ₹50 per quintal as compared to the previous year.
- Minimum Support Price or MSP (Minimum Support Price) in India is a minimum price fixed by the central government for any crop considered beneficial to the farmers.
- Recently, the Center has approved the Minimum Support Price (MSP) for the Kharif marketing year 2022-23, stating that the rates will be at least 1.5 times the average cost of production.
- Rates for 14 Kharif crops have been increased from 4% to 8%.