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Arnab Bhowmick

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· 1 Months ago

WRONG ANSWER (Question: 111709.0 )

MSP=minimum support prices

Question:
The Centre recently announced an increase in the MSP for pulses, oil seeds and paddy for the upcoming kharif season. The term MSP stands for
Options:
A)

Maximum Support Prices

B) Minimum Support Prices
C) Minimum State Prices
D) Maximum State Prices
E) None of these
Solution:
Minimum Support Price (MSP) is a form of market intervention by the Government of India to insure agricultural producers against any sharp fall in farm prices.

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