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Consider the following statements regarding the Minimum Support Price policy:
I. The crop prices are guaranteed by the government through the MSP but while the government announces MSP for 23 crops, effective MSP-linked procurement occurs mainly for wheat, rice and cotton.
II. The policy of MSP exists for most farmers for most crops; its realistic impact is quite limited for most farmers in the country.
III. Public procurement at MSP has disproportionately focused on wheat, rice and sugarcane and perhaps even at the expense of other crops such as pulses and oilseeds.
Q. Which of the following statement(s) is/are correct?
- a)Only I
- b)I and II
- c)I and III
- d)All of the above
Correct answer is option 'D'. Can you explain this answer?
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Verified Answer
Consider the following statements regarding the Minimum Support Price ...
The policy of MSP exists for most farmers for most crops; its realistic impact is quite limited for most farmers in the country. This has resulted in buffer stocks of paddy and wheat to be above the required norms, but also caused frequent price spikes in pulses and edible oils, despite substantial imports of these commodities.
Most Upvoted Answer
Consider the following statements regarding the Minimum Support Price ...
Introduction:
The Minimum Support Price (MSP) policy is a government initiative aimed at ensuring that farmers receive a fair price for their crops. However, there are certain limitations and concerns associated with this policy. Let's analyze the given statements to understand the various aspects of the MSP policy.
Statement I: The crop prices are guaranteed by the government through the MSP, but while the government announces MSP for 23 crops, effective MSP-linked procurement occurs mainly for wheat, rice, and cotton.
Explanation:
- The government sets the MSP for various crops to provide a safety net to farmers and ensure remunerative prices for their produce.
- However, the effective implementation of the MSP policy is limited to a few crops, mainly wheat, rice, and cotton.
- These three crops receive significant procurement support from the government, which means that the government agencies actively purchase these crops at the MSP to stabilize prices and support farmers.
- On the other hand, for many other crops, the procurement at MSP is inadequate or non-existent, leading to a limited impact of the policy on farmers growing those crops.
Statement II: The policy of MSP exists for most farmers for most crops; its realistic impact is quite limited for most farmers in the country.
Explanation:
- While the MSP policy exists for most crops and all farmers, its realistic impact is limited for most farmers in the country.
- This is primarily due to the fact that the government agencies, responsible for the procurement of crops at MSP, have limited capacity and infrastructure to procure and store large quantities of crops.
- As a result, only a small percentage of farmers benefit from the MSP policy, mainly those growing crops like wheat, rice, and cotton.
- For other crops, farmers often have to sell their produce at lower prices in the open market, as there is no guarantee of MSP-based procurement.
Statement III: Public procurement at MSP has disproportionately focused on wheat, rice, and sugarcane and perhaps even at the expense of other crops such as pulses and oilseeds.
Explanation:
- Public procurement at MSP has predominantly focused on crops like wheat, rice, and sugarcane.
- This disproportionate focus on a few crops has resulted in neglect towards other crops like pulses and oilseeds.
- The lack of sufficient procurement and support for pulses and oilseeds has led to a decline in their cultivation, affecting the overall agricultural diversity and the income of farmers involved in their production.
Conclusion:
In conclusion, all the given statements are correct. The MSP policy guarantees crop prices, but effective MSP-linked procurement is mainly observed for wheat, rice, and cotton. The realistic impact of the MSP policy is limited for most farmers in the country due to inadequate procurement capacity and infrastructure. Moreover, the focus on a few crops like wheat, rice, and sugarcane has led to neglect towards other crops such as pulses and oilseeds. These limitations and imbalances in the MSP policy need to be addressed to ensure fair and remunerative prices for all farmers and promote agricultural diversity in the country.
The Minimum Support Price (MSP) policy is a government initiative aimed at ensuring that farmers receive a fair price for their crops. However, there are certain limitations and concerns associated with this policy. Let's analyze the given statements to understand the various aspects of the MSP policy.
Statement I: The crop prices are guaranteed by the government through the MSP, but while the government announces MSP for 23 crops, effective MSP-linked procurement occurs mainly for wheat, rice, and cotton.
Explanation:
- The government sets the MSP for various crops to provide a safety net to farmers and ensure remunerative prices for their produce.
- However, the effective implementation of the MSP policy is limited to a few crops, mainly wheat, rice, and cotton.
- These three crops receive significant procurement support from the government, which means that the government agencies actively purchase these crops at the MSP to stabilize prices and support farmers.
- On the other hand, for many other crops, the procurement at MSP is inadequate or non-existent, leading to a limited impact of the policy on farmers growing those crops.
Statement II: The policy of MSP exists for most farmers for most crops; its realistic impact is quite limited for most farmers in the country.
Explanation:
- While the MSP policy exists for most crops and all farmers, its realistic impact is limited for most farmers in the country.
- This is primarily due to the fact that the government agencies, responsible for the procurement of crops at MSP, have limited capacity and infrastructure to procure and store large quantities of crops.
- As a result, only a small percentage of farmers benefit from the MSP policy, mainly those growing crops like wheat, rice, and cotton.
- For other crops, farmers often have to sell their produce at lower prices in the open market, as there is no guarantee of MSP-based procurement.
Statement III: Public procurement at MSP has disproportionately focused on wheat, rice, and sugarcane and perhaps even at the expense of other crops such as pulses and oilseeds.
Explanation:
- Public procurement at MSP has predominantly focused on crops like wheat, rice, and sugarcane.
- This disproportionate focus on a few crops has resulted in neglect towards other crops like pulses and oilseeds.
- The lack of sufficient procurement and support for pulses and oilseeds has led to a decline in their cultivation, affecting the overall agricultural diversity and the income of farmers involved in their production.
Conclusion:
In conclusion, all the given statements are correct. The MSP policy guarantees crop prices, but effective MSP-linked procurement is mainly observed for wheat, rice, and cotton. The realistic impact of the MSP policy is limited for most farmers in the country due to inadequate procurement capacity and infrastructure. Moreover, the focus on a few crops like wheat, rice, and sugarcane has led to neglect towards other crops such as pulses and oilseeds. These limitations and imbalances in the MSP policy need to be addressed to ensure fair and remunerative prices for all farmers and promote agricultural diversity in the country.
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Consider the following statements regarding the Minimum Support Price policy:I. The crop prices are guaranteed by the government through the MSP but while the government announces MSP for 23 crops, effective MSP-linked procurement occurs mainly for wheat, rice and cotton.II. The policy of MSP exists for most farmers for most crops; its realistic impact is quite limited for most farmers in the country.III. Public procurement at MSP has disproportionately focused on wheat, rice and sugarcane and perhaps even at the expense of other crops such as pulses and oilseeds.Q.Which of the following statement(s) is/are correct?a)Only Ib)I and IIc)I and IIId)All of the aboveCorrect answer is option 'D'. Can you explain this answer?
Question Description
Consider the following statements regarding the Minimum Support Price policy:I. The crop prices are guaranteed by the government through the MSP but while the government announces MSP for 23 crops, effective MSP-linked procurement occurs mainly for wheat, rice and cotton.II. The policy of MSP exists for most farmers for most crops; its realistic impact is quite limited for most farmers in the country.III. Public procurement at MSP has disproportionately focused on wheat, rice and sugarcane and perhaps even at the expense of other crops such as pulses and oilseeds.Q.Which of the following statement(s) is/are correct?a)Only Ib)I and IIc)I and IIId)All of the aboveCorrect answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding the Minimum Support Price policy:I. The crop prices are guaranteed by the government through the MSP but while the government announces MSP for 23 crops, effective MSP-linked procurement occurs mainly for wheat, rice and cotton.II. The policy of MSP exists for most farmers for most crops; its realistic impact is quite limited for most farmers in the country.III. Public procurement at MSP has disproportionately focused on wheat, rice and sugarcane and perhaps even at the expense of other crops such as pulses and oilseeds.Q.Which of the following statement(s) is/are correct?a)Only Ib)I and IIc)I and IIId)All of the aboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding the Minimum Support Price policy:I. The crop prices are guaranteed by the government through the MSP but while the government announces MSP for 23 crops, effective MSP-linked procurement occurs mainly for wheat, rice and cotton.II. The policy of MSP exists for most farmers for most crops; its realistic impact is quite limited for most farmers in the country.III. Public procurement at MSP has disproportionately focused on wheat, rice and sugarcane and perhaps even at the expense of other crops such as pulses and oilseeds.Q.Which of the following statement(s) is/are correct?a)Only Ib)I and IIc)I and IIId)All of the aboveCorrect answer is option 'D'. Can you explain this answer?.
Consider the following statements regarding the Minimum Support Price policy:I. The crop prices are guaranteed by the government through the MSP but while the government announces MSP for 23 crops, effective MSP-linked procurement occurs mainly for wheat, rice and cotton.II. The policy of MSP exists for most farmers for most crops; its realistic impact is quite limited for most farmers in the country.III. Public procurement at MSP has disproportionately focused on wheat, rice and sugarcane and perhaps even at the expense of other crops such as pulses and oilseeds.Q.Which of the following statement(s) is/are correct?a)Only Ib)I and IIc)I and IIId)All of the aboveCorrect answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding the Minimum Support Price policy:I. The crop prices are guaranteed by the government through the MSP but while the government announces MSP for 23 crops, effective MSP-linked procurement occurs mainly for wheat, rice and cotton.II. The policy of MSP exists for most farmers for most crops; its realistic impact is quite limited for most farmers in the country.III. Public procurement at MSP has disproportionately focused on wheat, rice and sugarcane and perhaps even at the expense of other crops such as pulses and oilseeds.Q.Which of the following statement(s) is/are correct?a)Only Ib)I and IIc)I and IIId)All of the aboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding the Minimum Support Price policy:I. The crop prices are guaranteed by the government through the MSP but while the government announces MSP for 23 crops, effective MSP-linked procurement occurs mainly for wheat, rice and cotton.II. The policy of MSP exists for most farmers for most crops; its realistic impact is quite limited for most farmers in the country.III. Public procurement at MSP has disproportionately focused on wheat, rice and sugarcane and perhaps even at the expense of other crops such as pulses and oilseeds.Q.Which of the following statement(s) is/are correct?a)Only Ib)I and IIc)I and IIId)All of the aboveCorrect answer is option 'D'. Can you explain this answer?.
Solutions for Consider the following statements regarding the Minimum Support Price policy:I. The crop prices are guaranteed by the government through the MSP but while the government announces MSP for 23 crops, effective MSP-linked procurement occurs mainly for wheat, rice and cotton.II. The policy of MSP exists for most farmers for most crops; its realistic impact is quite limited for most farmers in the country.III. Public procurement at MSP has disproportionately focused on wheat, rice and sugarcane and perhaps even at the expense of other crops such as pulses and oilseeds.Q.Which of the following statement(s) is/are correct?a)Only Ib)I and IIc)I and IIId)All of the aboveCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
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Consider the following statements regarding the Minimum Support Price policy:I. The crop prices are guaranteed by the government through the MSP but while the government announces MSP for 23 crops, effective MSP-linked procurement occurs mainly for wheat, rice and cotton.II. The policy of MSP exists for most farmers for most crops; its realistic impact is quite limited for most farmers in the country.III. Public procurement at MSP has disproportionately focused on wheat, rice and sugarcane and perhaps even at the expense of other crops such as pulses and oilseeds.Q.Which of the following statement(s) is/are correct?a)Only Ib)I and IIc)I and IIId)All of the aboveCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for Consider the following statements regarding the Minimum Support Price policy:I. The crop prices are guaranteed by the government through the MSP but while the government announces MSP for 23 crops, effective MSP-linked procurement occurs mainly for wheat, rice and cotton.II. The policy of MSP exists for most farmers for most crops; its realistic impact is quite limited for most farmers in the country.III. Public procurement at MSP has disproportionately focused on wheat, rice and sugarcane and perhaps even at the expense of other crops such as pulses and oilseeds.Q.Which of the following statement(s) is/are correct?a)Only Ib)I and IIc)I and IIId)All of the aboveCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of Consider the following statements regarding the Minimum Support Price policy:I. The crop prices are guaranteed by the government through the MSP but while the government announces MSP for 23 crops, effective MSP-linked procurement occurs mainly for wheat, rice and cotton.II. The policy of MSP exists for most farmers for most crops; its realistic impact is quite limited for most farmers in the country.III. Public procurement at MSP has disproportionately focused on wheat, rice and sugarcane and perhaps even at the expense of other crops such as pulses and oilseeds.Q.Which of the following statement(s) is/are correct?a)Only Ib)I and IIc)I and IIId)All of the aboveCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Consider the following statements regarding the Minimum Support Price policy:I. The crop prices are guaranteed by the government through the MSP but while the government announces MSP for 23 crops, effective MSP-linked procurement occurs mainly for wheat, rice and cotton.II. The policy of MSP exists for most farmers for most crops; its realistic impact is quite limited for most farmers in the country.III. Public procurement at MSP has disproportionately focused on wheat, rice and sugarcane and perhaps even at the expense of other crops such as pulses and oilseeds.Q.Which of the following statement(s) is/are correct?a)Only Ib)I and IIc)I and IIId)All of the aboveCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice UPSC tests.
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