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What is the primary objective of Minimum Support Prices (MSP) as mentioned in the passage?a)To maximize farmers' profits during years of high production.b)To ensure a minimum price for agricultural produce and prevent distress sales.c)To eliminate surplus production through government intervention.d)To encourage farmers to focus on specific staple crops for better market stability.Correct answer is option 'B'. 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 What is the primary objective of Minimum Support Prices (MSP) as mentioned in the passage?a)To maximize farmers' profits during years of high production.b)To ensure a minimum price for agricultural produce and prevent distress sales.c)To eliminate surplus production through government intervention.d)To encourage farmers to focus on specific staple crops for better market stability.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the primary objective of Minimum Support Prices (MSP) as mentioned in the passage?a)To maximize farmers' profits during years of high production.b)To ensure a minimum price for agricultural produce and prevent distress sales.c)To eliminate surplus production through government intervention.d)To encourage farmers to focus on specific staple crops for better market stability.Correct answer is option 'B'. Can you explain this answer?.

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