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How did the commission for 'Agricultural costs and Prices determine Minimum Support Prices?
I. Cost of production is one of the important factors in the determination of MSP mandated crops.
II. Demand and supply price trend in the domestic and international markets, and inter crop price parity
III. Terms of trade between agricultural and nonagricultural sectors and the like impact of MSPs on consumers.
IV. It is to ensuring rational utilization of natural resources like land and water.
  • a)
    I, II and III are correct
  • b)
    I, III and IV are correct
  • c)
    II, III and IV correct
  • d)
    I, II, III and IV are correct
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
How did the commission for 'Agricultural costs and Prices determin...
Calculation of MSP depends upon
1) Cost of Production
2)Changes in input prices
3)Input-Output Parity
4) Market trends
5) Demand Supply
6)Inter crop price parity
7) Effect on cost of living
8) Effect on General Price level
9) International Price level
10) Effect on industrial coat structure
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How did the commission for 'Agricultural costs and Prices determin...
The correct answer is D as the commission for 'Agricultural costs and Prices determine Minimum Support Prices by 
I. Cost of production is one of the important factors in the determination of MSP mandated crops.
II. Demand and supply price trend in the domestic and international markets, and inter crop price parity
III. Terms of trade between agricultural and nonagricultural sectors and the like impact of MSPs on consumers.
IV. It is to ensure rational utilization of natural resources like land and water.
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How did the commission for 'Agricultural costs and Prices determine Minimum Support Prices?I. Cost of production is one of the important factors in the determination of MSP mandated crops.II. Demand and supply price trend in the domestic and international markets, and inter crop price parityIII. Terms of trade between agricultural and nonagricultural sectors and the like impact of MSPs on consumers.IV. It is to ensuring rational utilization of natural resources like land and water.a)I, II and III are correctb)I, III and IV are correctc)II, III and IV correctd)I, II, III and IV are correctCorrect answer is option 'D'. Can you explain this answer?
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How did the commission for 'Agricultural costs and Prices determine Minimum Support Prices?I. Cost of production is one of the important factors in the determination of MSP mandated crops.II. Demand and supply price trend in the domestic and international markets, and inter crop price parityIII. Terms of trade between agricultural and nonagricultural sectors and the like impact of MSPs on consumers.IV. It is to ensuring rational utilization of natural resources like land and water.a)I, II and III are correctb)I, III and IV are correctc)II, III and IV correctd)I, II, III and IV are correctCorrect 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 How did the commission for 'Agricultural costs and Prices determine Minimum Support Prices?I. Cost of production is one of the important factors in the determination of MSP mandated crops.II. Demand and supply price trend in the domestic and international markets, and inter crop price parityIII. Terms of trade between agricultural and nonagricultural sectors and the like impact of MSPs on consumers.IV. It is to ensuring rational utilization of natural resources like land and water.a)I, II and III are correctb)I, III and IV are correctc)II, III and IV correctd)I, II, III and IV are correctCorrect 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 How did the commission for 'Agricultural costs and Prices determine Minimum Support Prices?I. Cost of production is one of the important factors in the determination of MSP mandated crops.II. Demand and supply price trend in the domestic and international markets, and inter crop price parityIII. Terms of trade between agricultural and nonagricultural sectors and the like impact of MSPs on consumers.IV. It is to ensuring rational utilization of natural resources like land and water.a)I, II and III are correctb)I, III and IV are correctc)II, III and IV correctd)I, II, III and IV are correctCorrect answer is option 'D'. Can you explain this answer?.
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