Which of the following factors is/are considered by the Commission for Agricultural Costs and Prices (CACP) for fixing Minimum Support Price (MSP)?1. Cost of production2. International prices3. Terms of trade between agricultural and non-agricultural sectorsChoose the correct answer from below given codes:

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Q. Which of the following factors is/are considered by the Commission for Agricultural Costs and Prices (CACP) for fixing Minimum Support Price (MSP)?
1.Cost of production
2.International prices
3.Terms of trade between agricultural and non-agricultural sectors
Choose the correct answer from below given codes:

[A] 1 only

[B] 1 and 2 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: D

Notes:

Explanation: The factors considered by CACP for fixing MSP include cost of production, domestic and international prices, demand-supply conditions, inter-crop price parity, terms of trade between agricultural and non-agricultural sectors.

Source: https://pib.gov.in/PressReleaseIframePage

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