SarkariPYQ

SSC GD 2021 PYQ — Question 33

SSC GD Constable (English) - 26th November 2021 Shift 2 • General Awareness • Q33

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Who among the following declares the Minimum Support Price (MSP) for the crops?

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Correct answer: C

Explanation

The correct answer is option 3 i.e. Ministry of Agriculture and Farmers Welfare.

  • The MSP is the rate at which the government purchases crops from farmers, and is based on a calculation of at least one-and-a-half times the cost of production incurred by the farmers.
  • MSP is a “minimum price” for any crop that the government considers as remunerative for farmers and hence deserving of “support”.
  • The minimum support prices are announced by the Government of India at the beginning of the sowing season for certain crops on the basis of the recommendations of the Commission for Agricultural Costs and Prices (CACP).