- Statement 1: The Government of India provides Minimum Support Price (MSP) for a number of crops (currently 22 mandated crops and Sugarcane's Fair and Remunerative Price). This statement is correct. - Statement 2: The Commission for Agricultural Costs and Prices (CACP) recommends the MSP. The MSP is declared or announced by the Government of India. This statement is incorrect. - Statement 3: The MSP is fixed by the Government of India on the basis of the recommendations made by the CACP. The CACP submits its reports and recommendations to the government, and the final decision on MSP levels is taken by the Cabinet Committee on Economic Affairs (CCEA). This statement is correct.
Consider the following statements: 1. The Government of India provides Minimum Support Price (MSP) for some crops. 2. The MSP is declared by the Commission for Agricultural Costs and Prices (CACP). 3. The MSP is fixed by the Government of India on the basis of the recommendations of the CACP. Which of the statements given above are correct?
Asked in UPSC CAPF 2010 · Topic: Agriculture and Allied Sectors (Agricultural Policies and Programs (MSP, Subsidies))
More Economic Development questions
- Consider the following statements: 1. The Minimum Support Price (MSP) for agricultural crops is determined by the Central Government. 2. The MSP is based on the recommendations of the Commission for Agricultural Costs and Prices (CACP). 3. The MSP is mandatory for procurement of agricultural produce by the government agencies. Which of the statements given above are correct?
- Which of the statements given below is/are correct ? 1. For the marketing year 2014 – 2015, the minimum support price (MSP) for wheat in India has been fixed at Rs. 1,400 / quintal 2. MSP is the rate at which the government sells the grains through the fair price shops Select the correct answer using the code given below :
- The price declared by the Government every year before the sowing season to provide incentives to the farmers is called
- The Fair and Remunerative Price (FRP) of sugarcane is approved by the
- Consider the following: 1. Areca nut 2. Barley 3. Coffee 4. Finger millet 5. Groundnut 6. Sesamam 7. Turmeric The Cabinet Committee on Economic Affairs has announced the Minimum Support Price for which of the above?
- Which of the following factors/policies were affecting the price of rice in India in the recent past? Minimum Support Price Government's trading Government's stockpiling Consumer subsidies Select the correct answer using the code given below :
- Consider the following statements: In the case of all cereals, pulses and oil- seeds, the procurement at Minimum Support Price (MSP) is unlimited in any State/UT of India. In the case of cereals and pulses, the MSP is fixed in any State/UT at a level to which the market price will never rise. Which of the statements given above is/are correct ?
- Consider the following statements: The Government of India provides Min‐ 1. imum Support Price for niger (Guizotia abyssinica) seeds. Niger is cultivated as a Kharif crop. 2. Some tribal people in India use niger seed 3. oil for cooking. How many of the above statements are correct?