Current Affairs · Agricultural Policies
What is the primary function of the Minimum Support Price (MSP) mechanism in the Indian agricultural system?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Establishing a government-guaranteed price floor to protect farmers against sudden market price fluctuations✓
- 2Offering specialized credit cards to farmers for interest-free agricultural loans
- 3Mandating the use of organic farming methods to reduce soil chemical toxicity
- 4Providing financial compensation to farmers for crops lost due to climate-related disasters
Correct answer
Establishing a government-guaranteed price floor to protect farmers against sudden market price fluctuations
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Current Affairs?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Agricultural Policies MCQs →Want more practice questions on Agricultural Policies?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Current Affairs · Agricultural Policies