Economics · Agricultural Pricing
Consider the following statements regarding the Minimum Support Price (MSP) in India: (i) Minimum Support Price is announced by the State governments. (ii) Minimum Support Price is announced well before the sowing season. (iii) Minimum Support Price is announced at the time of harvest. (iv) Minimum Support Price is announced by the Central government. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(i), (ii) and (iii) are correct
- 2(ii), (iii) and (iv) are correct
- 3(i) and (ii) are correct
- 4(ii) and (iv) are correct✓
Correct answer
(ii) and (iv) are correct
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