Minimum Support Price — MCQ Practice
Interactive MCQ Practice
Test your knowledge. Click “Solve” to reveal options, select your answer, then check the result. 5 questions available.
Which of the following statements regarding Minimum Support Price (MSP) in India is/are correct? 1. The Commission for Agricultural Costs and Prices (CACP) recommends MSPs for 22 mandated crops. 2. The government guarantees procurement of all 22 crops at MSP across all states. 3. The A2+FL cost of production includes the imputed value of family labour. Select the correct answer using the code given below:
Consider the following crops: 1. Wheat 2. Paddy 3. Sugarcane 4. Cotton 5. Jute Which of the above are covered under the Minimum Support Price (MSP) regime in India?
With reference to the Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) scheme, which of the following statements is/are correct? 1. It aims to ensure remunerative prices to farmers for their produce. 2. The Price Deficiency Payment Scheme (PDPS) component involves physical procurement by government agencies. 3. The Private Procurement & Stockist Scheme (PPS) is a pilot scheme involving private players. Select the correct answer using the code given below:
Which of the following factors are considered by the Commission for Agricultural Costs and Prices (CACP) while recommending Minimum Support Prices? 1. Cost of production 2. Demand and supply situation 3. Inter-crop price parity 4. Terms of trade between agriculture and non-agriculture sectors 5. Environmental impact of cultivation Select the correct answer using the code given below:
Which of the following agencies is/are primarily responsible for the procurement of pulses and oilseeds under the Minimum Support Price (MSP) operations in India? 1. Food Corporation of India (FCI) 2. National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) 3. Cotton Corporation of India (CCI) Select the correct answer using the code given below: