- CACP recommends MSP for 23 crops. - The final decision on MSP is taken by the Cabinet Committee on Economic Affairs (CCEA). - CACP provides advice on agricultural price policy and issues related to mandated crops.
Who recommends the Minimum Support Price (MSP) and Issue Price ?
Asked in PPSC CS Prelims 2018 · Topic: Agriculture and Allied Sectors (Agricultural Policies and Programs (MSP, Subsidies))
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Answer: C. Commission for Agricultural Costs and Prices
More Economic Development questions
- Commission for Agriculture Costs and Prices (CACP) submits its recommendation for MSPs of agricultural commodities in form of Price Policy Reports. Consider the following statements: 1. CACP is a statutory body formed under Agriculture Price Commission Act, 1962. 2. Currently MSP is devoid of any legal backing except for Sugarcane to some extent. 3. Before submitting Price Policy Report for any crop, CACP also analyses demand and supply and the implications of MSP on consumers of that product along with the costs of production. Which among the following statements is/are incorrect ?
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