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Minimum Support Price is announced fay the government to provide:
- a)incentives to farmers
- b)incentives to middlemen
- c)incentives to government officials
- d)None of these
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Minimum Support Price is announced fay the government to provide:a)inc...
Explanation:
Minimum Support Price (MSP): It is the price announced by the government at which it purchases crops from the farmers directly or through authorized agencies in case of a bumper crop. The MSP is fixed to ensure that farmers get a fair price for their produce and are encouraged to grow more crops.
Incentives to Farmers: The main objective of MSP is to provide incentives to farmers to produce more crops and ensure that they get a fair price for their produce. By providing a guaranteed price for their crops, farmers are encouraged to invest in their crops, which leads to increased production, better quality, and higher yields. This, in turn, increases their income and helps in reducing poverty in rural areas.
Incentives to Middlemen: MSP does not provide any incentives to middlemen. In fact, MSP reduces the role of middlemen as the government procures crops directly from the farmers or through authorized agencies. This ensures that the farmers get a fair price for their produce and middlemen do not exploit them by offering very low prices.
Incentives to Government Officials: MSP does not provide any incentives to government officials. The government officials are responsible for implementing the MSP policy and ensuring that the farmers get a fair price for their produce. They are not entitled to any additional benefits or incentives for doing their job.
Conclusion: Thus, we can conclude that MSP is announced by the government to provide incentives to farmers and not to middlemen or government officials. It is an important policy to encourage farmers to produce more crops and ensure that they get a fair price for their produce.
Minimum Support Price (MSP): It is the price announced by the government at which it purchases crops from the farmers directly or through authorized agencies in case of a bumper crop. The MSP is fixed to ensure that farmers get a fair price for their produce and are encouraged to grow more crops.
Incentives to Farmers: The main objective of MSP is to provide incentives to farmers to produce more crops and ensure that they get a fair price for their produce. By providing a guaranteed price for their crops, farmers are encouraged to invest in their crops, which leads to increased production, better quality, and higher yields. This, in turn, increases their income and helps in reducing poverty in rural areas.
Incentives to Middlemen: MSP does not provide any incentives to middlemen. In fact, MSP reduces the role of middlemen as the government procures crops directly from the farmers or through authorized agencies. This ensures that the farmers get a fair price for their produce and middlemen do not exploit them by offering very low prices.
Incentives to Government Officials: MSP does not provide any incentives to government officials. The government officials are responsible for implementing the MSP policy and ensuring that the farmers get a fair price for their produce. They are not entitled to any additional benefits or incentives for doing their job.
Conclusion: Thus, we can conclude that MSP is announced by the government to provide incentives to farmers and not to middlemen or government officials. It is an important policy to encourage farmers to produce more crops and ensure that they get a fair price for their produce.
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Community Answer
Minimum Support Price is announced fay the government to provide:a)inc...
A becoz it happens a lot of times that the farmers are neglected for eg if there is a bumper production of wheat in the market the prices of wheat will fall down which in turn leads to decrease in income of the farmer
so as to protect the farmers from all these things the govt has enacted MSP system
hope it'll help!
so as to protect the farmers from all these things the govt has enacted MSP system
hope it'll help!
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Minimum Support Price is announced fay the government to provide:a)incentives to farmersb)incentives to middlemenc)incentives to government officialsd)None of theseCorrect answer is option 'A'. Can you explain this answer? for Class 9 2025 is part of Class 9 preparation. The Question and answers have been prepared according to the Class 9 exam syllabus. Information about Minimum Support Price is announced fay the government to provide:a)incentives to farmersb)incentives to middlemenc)incentives to government officialsd)None of theseCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 9 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Minimum Support Price is announced fay the government to provide:a)incentives to farmersb)incentives to middlemenc)incentives to government officialsd)None of theseCorrect answer is option 'A'. Can you explain this answer?.
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