Practicing Success
What is the correct full form of "MSP" in the context of agriculture in India? |
Maximum Supply Price Minimum Supply Price Maximum Support Price Minimum Support Price |
Minimum Support Price |
Minimum Support Price (MSP) is minimum price that is set by the government for certain crops, at which the government would buy the crop from the farmers if the market forces of demand and supply offer a price which is less than the MSP. |