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Consider the following statements regarding minimum support price (MSP).
  1. Generally, the minimum support price (MSP) rates are announced before the beginning of the sowing season.
  2. Among all the crops for which MSP are provided, the maximum rate is provided for Paddy.
  3. Any increase in the MSP is approved by the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister of India.
Which of the above statements is/are correct?
  • a)
    1 only 
  • b)
    1, 2 
  • c)
    1, 3 
  • d)
    2, 3
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding minimum support price (MSP...
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister, approved the increase in MSPs for all 14 kharif (summer) crops for 2022-23 crop year.
Announcing the MSP hike before the sowing of kharif crops will give farmers an indication about the price which they would get and help them in deciding which crops to grow.
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Consider the following statements regarding minimum support price (MSP). Generally, the minimum support price (MSP) rates are announced before the beginning of the sowing season. Among all the crops for which MSP are provided, the maximum rate is provided for Paddy. Any increase in the MSP is approved by the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister of India.Which of the above statements is/are correct?a)1 onlyb)1, 2c)1, 3d)2, 3Correct answer is option 'C'. Can you explain this answer?
Question Description
Consider the following statements regarding minimum support price (MSP). Generally, the minimum support price (MSP) rates are announced before the beginning of the sowing season. Among all the crops for which MSP are provided, the maximum rate is provided for Paddy. Any increase in the MSP is approved by the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister of India.Which of the above statements is/are correct?a)1 onlyb)1, 2c)1, 3d)2, 3Correct answer is option 'C'. 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 minimum support price (MSP). Generally, the minimum support price (MSP) rates are announced before the beginning of the sowing season. Among all the crops for which MSP are provided, the maximum rate is provided for Paddy. Any increase in the MSP is approved by the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister of India.Which of the above statements is/are correct?a)1 onlyb)1, 2c)1, 3d)2, 3Correct answer is option 'C'. 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 minimum support price (MSP). Generally, the minimum support price (MSP) rates are announced before the beginning of the sowing season. Among all the crops for which MSP are provided, the maximum rate is provided for Paddy. Any increase in the MSP is approved by the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister of India.Which of the above statements is/are correct?a)1 onlyb)1, 2c)1, 3d)2, 3Correct answer is option 'C'. Can you explain this answer?.
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