The MSP acts as a safety net for farmers, ensuring that their income is not drastically affected by fluctuations in market prices. It is set by the government based on recommendations from the Commission for Agricultural Costs and Prices (CACP).
The main objective of providing minimum support price to agricultural commodities in India is - - (5) Question not attempted
Asked in Sr. Teacher (Sanskrit Edu.) Comp. Exam 2024 · Topic: Agriculture and Allied Sectors (Agricultural Policies and Programs (MSP, Subsidies))
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Answer: D. to check fall in prices of agricultural commod‐ ities beyond a certain limit.
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