Minimum Support Price Agricultural Products
Question
Consider the following:
The Cabinet Committee on Economic Affairs has announced the Minimum Support Price for which of the above?
Options
1, 2, 3 and 7 only
2, 4, 5 and 6 only
1, 3, 4, 5 and 6 only
1, 2, 3, 4, 5, 6 and 7
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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