MSPs are primarily aimed at providing a safety net for farmers, reducing price volatility for them, and ensuring food security for the nation by encouraging adequate production of essential crops.
The minimum support prices are a means of supporting the
Asked in TNPSC CS Prelims 2017 · Topic: Agriculture and Allied Sectors (Agricultural Policies and Programs (MSP, Subsidies))
More Economic Development questions
- According to the evaluation report of Niti Ayog related to Minimum Support Price (MSP), which of the following statement (s) is/are correct? (a) MSP is declared before the sowing season. (b) The idea behind MSP is to give guaranteed prices to the farmers and save them from price fluctuations. (c) With globalization resulting in free trade in agricultural commodities, it is not important to protect the farmers from the unwarranted fluctuations in prices.
- Which is correct? (i) HYV – High Yielding Varieties (ii) MSP – Maximum Support Prices (iii) PDS – Public Distribution System (iv) IPM – Integrated Pesticide Management
- The Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister has approved the increase in the Minimum Support Prices (MSP) for Marketing Season 2022-23 for the following number of Kharif crops :
- From 4th July 2018 the Minimum Support Price (MSP) during 2018-19 for paddy per quintal is
- Consider the following statements about farm subsidies in India. 1. The input subsidies in India, such as on fertilizers fall under indirect farm subsidies. 2. Reducation offered to farmers in Power and irrigation bills fall under direct farm subsidies. 3. The agricultural provisions of the World Trade Organization (WTO) though allow direct farm subsidies, prohibit indirect subsidies. 4. All subsidies provided by the goverments in India fall under the indirect subsidies. Select the correct statements using the code given below:
- 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?
- 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 :