Current Affairs · Agricultural Economics
Consider the following statements about the Minimum Support Price (MSP) framework in India: 1. MSP is announced for 22 mandated crops and a Fair and Remunerative Price (FRP) is fixed for sugarcane. 2. The MSP fixation principle aligns with setting prices at a level of at least 1.5 times the all-India weighted average cost of production (mandated since Union Budget 2018-19). 3. MSP values are officially notified as uniform national floor prices rather than varying individual state-wise benchmarks. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2 and 3
- 22 only
- 31 only
- 41 and 2 only✓
Correct answer
1 and 2 only
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