Current Affairs · Agricultural Policies
Which of the following statements regarding the Minimum Support Price (MSP) in India is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1MSP is legally binding on all private traders purchasing agricultural produce.
- 2MSP is recommended by the Commission for Agricultural Costs and Prices (CACP) and approved by the Cabinet Committee on Economic Affairs (CCEA).✓
- 3MSP covers all agricultural crops grown across India.
- 4MSP is determined solely based on international market prices.
Correct answer
MSP is recommended by the Commission for Agricultural Costs and Prices (CACP) and approved by the Cabinet Committee on Economic Affairs (CCEA).
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