With reference to the Minimum Selling Price (MSP) guidelines for sugar mills, consider the following statements:1. To control the constant slide in ex-mill prices of sugar, the central government had in June 2018 specified the concept of MSP for sugar.2. Along with MSP, the centre had also fixed mill wise sales quota.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?

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With reference to the Minimum Selling Price (MSP) guidelines for sugar mills, consider the following statements:

1. To control the constant slide in ex-mill prices of sugar, the central government had in June 2018 specified the concept of MSP for sugar.

2. Along with MSP, the centre had also fixed mill wise sales quota.

Which of the statements given above is/are correct?

a)
1 only
b)
2 only
c)
Both 1 and 2
d)
Neither 1 nor 2

Correct answer is option 'C'. Can you explain this answer?

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With reference to the Minimum Selling Price (MSP) guidelines for sugar...

The Ministry of Consumer Affairs, Food and Public Distribution issued separate guidelines for sugar mills and cane commissioners in regards to the sale of sugar below the Minimum Selling Price (MSP) of Rs 3,100/- per quintal.

To control the constant slide in ex-mill prices of sugar, the central government had in June 2018 specified the concept of MSP for sugar.
Back then the MSP was fixed at Rs 2,850/- per quintal which was subsequently raised to Rs 3,100/- per quintal.
Along with MSP, the centre had also fixed mill wise sales quota.
Mills who breached either of the conditions were liable for action under the Essential Commodities Act, 1955 which would include fine as well as a jail term(ranging from 3 months to 7 years) or both.
These out of box measures were brought in to arrest the constant sugar slide and keep the demand-supply ratio to a safe limit.
It was reasoned that both these measures would help mills generate enough revenue to pay their farmers the Fair and Remunerative Price (FRP) for cane purchased from farmers.

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With reference to the Minimum Selling Price (MSP) guidelines for sugar mills, consider the following statements:1. To control the constant slide in ex-mill prices of sugar, the central government had in June 2018 specified the concept of MSP for sugar.2. Along with MSP, the centre had also fixed mill wise sales quota.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?

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With reference to the Minimum Selling Price (MSP) guidelines for sugar mills, consider the following statements:1. To control the constant slide in ex-mill prices of sugar, the central government had in June 2018 specified the concept of MSP for sugar.2. Along with MSP, the centre had also fixed mill wise sales quota.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2025 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the Minimum Selling Price (MSP) guidelines for sugar mills, consider the following statements:1. To control the constant slide in ex-mill prices of sugar, the central government had in June 2018 specified the concept of MSP for sugar.2. Along with MSP, the centre had also fixed mill wise sales quota.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Minimum Selling Price (MSP) guidelines for sugar mills, consider the following statements:1. To control the constant slide in ex-mill prices of sugar, the central government had in June 2018 specified the concept of MSP for sugar.2. Along with MSP, the centre had also fixed mill wise sales quota.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.

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