What was the main purpose of establishing the Agricultural Prices Commission in 1965?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. To determine the prices for various farm products purchased by the government.
- The main purpose of establishing the Agricultural Prices Commission (APC) in 1965 was to determine the prices for various farm products purchased by the government.
- The APC was set up to ensure that farmers received fair prices for their produce, while also maintaining stable agricultural prices.
- This was part of the government's effort to support farmers' income, control inflation, and ensure food security in the country.
- Over time, the commission's role expanded to recommending minimum support prices (MSP) for different crops.