Economics · Indian Economy and Agriculture

Which of the following statements is NOT correct regarding the Minimum Support Price (MSP)? I. It is declared by the government every year after the harvesting season. II. Minimum Support Price is the price at which the government purchases crops from the farmers, to safeguard the interests of the farmers.

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Both I and II
2Only II
3Only I✓
4Neither I nor II

Correct answer

Only I

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

Preparing for Economics?

Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.

Start Free Mock Test →

Chapter Practice

Want more practice questions on Indian Economy and Agriculture?

Solve complete topic-wise tests with detailed solutions on GkGet.

Practice Indian Economy and Agriculture MCQs →

Recommended practice questions in Economics · Indian Economy and Agriculture

Browse More Economics →

Which Indian independence movement leader was primarily known for his philosophy and practice of non-violent civil disobedience?

Solve Question→

Who gave the call for 'Do or Die' during the Quit India Movement in 1942?

Solve Question→

Which of the following revolutionary pairs were imprisoned together in Cellular Jail and faced harsh conditions, contributing significantly to the Indian independence movement?

Download Single Question PDF

Share with Friends & Study Groups

Preparing for Economics?

Practice by Subject

Practice by Exam

Topic-Wise Solved Questions

Download Single Question PDF

Share with Friends & Study Groups

Preparing for Economics?

Related Practice Questions

Practice by Subject

Practice by Exam

Topic-Wise Solved Questions