Economics · Economy
With reference to the Minimum Support Price (MSP) in India, consider the following statements: 1. The Central Government hikes the minimum support price only for common paddy and wheat. 2. The MSP is fixed for major agricultural seasons based on the recommendations of the Commission for Agricultural Costs and Prices (CACP). 3. A major operational challenge with MSP is the unequal government procurement network across crops other than wheat and rice. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 41, 2 and 3
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2 and 3 only
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