Which of the following is a form of market intervention by the government of India to insure agricultural producers against any sharp fall in farm prices?

Minimum support prices

Minimum Support Price (MSP) is a form of market intervention by the Government of India to insure agricultural producers against any sharp fall in farm prices. Minimum price acts as a safety net or insurance for farmers when they sell particular crops. These crops are procured by government agencies at a promised price to farmers and the MSP cannot be altered in any given situation.