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Q93·GS Paper 1 · Prelims 2018

Minimum Support Price Agricultural Products

EconomyAgricultural Economics and MSPFactual singleMediumCurrent-affairs-linked

Question

Consider the following:

1Areca nut
2Barley
3Coffee
4Finger millet
5Groundnut
6Sesamum
7Turmeric

The Cabinet Committee on Economic Affairs has announced the Minimum Support Price for which of the above?

Options

a

1, 2, 3 and 7 only

b

2, 4, 5 and 6 only

c

1, 3, 4, 5 and 6 only

d

1, 2, 3, 4, 5, 6 and 7

Answer

Explanation

The Cabinet Committee on Economic Affairs announces MSP for various agricultural commodities to ensure minimum remunerative prices to farmers. The commodities listed (Areca nut, Barley, Coffee, Finger millet, Groundnut, Sesamum, and Turmeric) all have MSP announced by the government. These include both food crops (barley, finger millet, groundnut) and cash crops (areca nut, coffee, sesamum, turmeric). The government has progressively expanded the list of crops covered under MSP to include various cereals, pulses, oilseeds, and spices. All seven items mentioned have MSP announced at various times by the Cabinet Committee on Economic Affairs. > MSP coverage has expanded to include cereals, pulses, oilseeds, and spices like turmeric, coffee, and areca nut. Answer: (d).

Question details

Year

2018

Paper

GS Paper 1

Question

Q93

Subject

Economy

Sub-topic

Agricultural Economics and MSP

Type

Factual single

Difficulty

Medium

Nature

Current-affairs-linked

Source hint

Current Affairs 2017-2018, Cabinet decisions on MSP

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