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Consider the following statements and identify the right ones.
i. The Agricultural Price Policy aims at providing assured price to the farmers.
ii. It aims at inducing farmers to bring in their surplus produce to the market.
  • a)
    I only
  • b)
    ii only
  • c)
    both
  • d)
    none
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Consider the following statements and identify the right ones.i. The A...
It also aims at protecting consumers from the rising prices of food grains.
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Consider the following statements and identify the right ones.i. The A...
Agricultural Price Policy

The Agricultural Price Policy is a government initiative to support farmers by ensuring that they receive a fair and stable price for their produce. It is a crucial step towards achieving food security and rural development.

Assured Price to Farmers

One of the primary objectives of the Agricultural Price Policy is to provide farmers with an assured price for their produce. This ensures that farmers get a reasonable return on their investment and are encouraged to continue farming.

Inducing Farmers to Bring Surplus Produce to Market

Another important objective of the Agricultural Price Policy is to incentivize farmers to bring their surplus produce to the market. This helps to prevent wastage and ensures that consumers have access to a steady supply of food at reasonable prices.

Supporting Farmers During Market Fluctuations

The Agricultural Price Policy also helps to protect farmers from market fluctuations by providing them with a minimum support price (MSP) for their crops. This ensures that farmers are not forced to sell their produce at a loss during periods of oversupply or market volatility.

Conclusion

In summary, the Agricultural Price Policy is a vital tool for supporting farmers and ensuring food security. It aims to provide farmers with an assured price for their produce, incentivize them to bring their surplus produce to the market, and protect them from market fluctuations.
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Consider the following statements and identify the right ones.i. The Agricultural Price Policy aims at providing assured price to the farmers.ii. It aims at inducing farmers to bring in their surplus produce to the market.a)I onlyb)ii onlyc)bothd)noneCorrect answer is option 'C'. Can you explain this answer?
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