Which of the following is the correct full form of CACP?
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → Commission for Agricultural Costs and Prices
The Commission for Agricultural Costs and Prices (CACP) is an organization in India responsible for recommending minimum support prices (MSPs) for major agricultural commodities. Its primary role is to assess the cost of production, price trends in the market, and other relevant factors to determine fair and remunerative prices for farmers' produce. The CACP plays a crucial role in ensuring farmers receive reasonable prices for their crops, thereby supporting agricultural sustainability and livelihoods in the country.