Economics · Economy
Consider the following statements regarding the Minimum Support Price (MSP) framework in India: I. MSP carries a statutory legal backing making private purchase below it punishable across India. II. The Commission for Agricultural Costs and Prices (CACP) recommends MSPs for mandated crops. III. MSP is announced exclusively for cereal crops, completely excluding pulses and oilseeds. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I and II only
- 2I and III only
- 3I, II, and III
- 4II only✓
Correct answer
II only
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