The aim of the instruments like MSP, buffer stock etc that were initiated by Government after independence to improve the agricultural marketing aspect was : |
To increase income inequalities To increase the national income Providing the food grains at a subsidised price to the poor Providing the food grains at a higher price |
Providing the food grains at a subsidised price to the poor |
The correct answer is option (30 : Providing the food grains at a subsidised price to the poor The government used policy instruments like (i) assurance of minimum support prices (MSP) for agricultural products (ii) maintenance of buffer stocks of wheat and rice by Food Corporation of India and (iii) distribution of food grains and sugar through PDS, to improve agricultural marketing. These instruments are aimed at protecting the income of the farmers and providing foodgrains at a subsidised rate to the poor. |