MSPs aim to provide a price guarantee to farmers, reduce income volatility, encourage production of certain crops, and incentivize investment and technology adoption.
The MSPs are fixed at incentive level, to fulfil the following purposes : 1. to induce less investment by farmers in the farm sector. 2. to motivate farmers to adopt improved crop production technologies. 3. to enhance production and thereby farmers' income. Select the correct answer using the code given below :
Asked in UPSC SO Steno 2018 · Topic: Agriculture and Allied Sectors (Agricultural Policies and Programs (MSP, Subsidies))
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