Economics · Economy
Consider the following statements regarding agricultural pricing policies in India: 1. Minimum Support Price (MSP) is a market intervention mechanism to protect agricultural producers against distress sales. 2. Key objectives of MSP include protecting farmers from sharp price falls and procuring food grains for the public distribution system. 3. MSPs are announced at the beginning of the sowing season based on CACP recommendations. 4. Fair and Remunerative Price (FRP) applies to sugarcane and is derived directly from the Tendulkar Committee report on poverty estimation. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1All of the above
- 22 and 4 only
- 31, 2 and 3 only✓
- 41 and 2 only
Correct answer
1, 2 and 3 only
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