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Economy & Business · Question 76 of 80

Question 76

EasyOriginal question

Which body recommends the Minimum Support Prices of crops to the Government of India?

Options for question 76

Show the answer and explanation
CorrectNot quiteAnswer D

Correct answer: D

Explanation

  1. The Commission for Agricultural Costs and Prices (CACP) recommends MSPs; the Cabinet Committee on Economic Affairs decides them.

  2. The FCI procures grain at the MSP; NABARD finances rural credit.

Concept
Who recommends MSP
Typical time
40 s
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Ten questions from Economy & Business, at your own pace.

Written from
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Practise this chapter →

Ten questions from Economy & Business, at your own pace.