Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Question:

Minimum Support Price (MSP) of the agricultural crops in India is fixed by the government on the recommendations of the:

Options:

Reserve Bank of India

Commission for Agricultural Costs and Prices (CACP)

Food Corporation of India (FCI)

NABARD

Correct Answer:

Commission for Agricultural Costs and Prices (CACP)

Explanation:

The correct answer is Option (2) → Commission for Agricultural Costs and Prices (CACP)

The Minimum Support Price (MSP) of agricultural crops in India is fixed by the government based on the recommendations of the Commission for Agricultural Costs and Prices (CACP). The CACP considers various factors such as input costs, market prices, demand-supply dynamics, and farmers' interests while recommending MSPs for different crops.