MSP is a procurement price set by the government to buy from farmers. The government sells food grains through fair price shops at subsidised prices. The MSP for wheat for the 2014-15 marketing season was Rs. 1400/quintal.
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 :
Asked in UPSC CAPF 2014 · Topic: Agriculture and Allied Sectors (Agricultural Policies and Programs (MSP, Subsidies))
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