With reference to the Minimum Support Price (MSP) consider the following statements:1.It is the price paid to the farmers for procuring food crops.2.It is announced by the Government at the beginning of the sowing season.3.Commission for Agricultural Costs and Prices (CACP) is the nodal agency for procurement of crops at MSP along with State agencies.Which of the statements given above are correct?

Q. With reference to the Minimum Support Price (MSP) consider the following statements:
1.It is the price paid to the farmers for procuring food crops.
2.It is announced by the Government at the beginning of the sowing season.
3.Commission for Agricultural Costs and Prices (CACP) is the nodal agency for procurement of crops at MSP along with State agencies.
Which of the statements given above are correct?

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1 2 and 3

Answer: A

Notes:

Explanation –

Statement 1 and 2 are correct. MSP is the price paid to the farmers for procuring food crops. It is announced by the Government at the beginning of the sowing season.

Statement 3 is incorrect. MSPs are recommended by the Commission for Agricultural Costs and Prices (CACP) and approved by the Cabinet Committee on Economic Affairs. Food Corporation of India (FCI) is the nodal agency for procurement along with State agencies.

Source: ForumIAS

Post-Mains Strategy Session by Mr. Ayush Sinha | ForumIAS