Economics · Agricultural Economics
If the Minimum Support Price (MSP) for paddy is ₹2,300 per quintal, and a grain trading firm purchases it from a farmer at ₹2,200 per quintal, which fundamental objective of the MSP scheme has potentially been undermined?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The objective of providing market information to the trading community
- 2The objective of protecting farmers from distress sales and price volatility✓
- 3The objective of ensuring food security through public procurement
- 4The objective of encouraging exports of surplus agricultural produce
Correct answer
The objective of protecting farmers from distress sales and price volatility
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