The Cabinet Committee on Economic Affairs (CCEA) increased the Minimum Support Prices (MSPs) of cotton (long staple) to ₹ _______ per quintal for marketing season 2020-21. - General Test

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The Cabinet Committee on Economic Affairs (CCEA) increased the Minimum Support Prices (MSPs) of cotton (long staple) to ₹ _______ per quintal for marketing season 2020-21.

Options

  • 7,285

  • 5,825

  • 8,525

  • 6,855

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Solution

The Cabinet Committee on Economic Affairs (CCEA) increased the Minimum Support Prices (MSPs) of cotton (long staple) to ₹ 5,825 per quintal for marketing season 2020-21.

Explanation:

For the years 2020–21, the prices for cotton (long staple) and cotton (medium staple) have been set at Rs. 5825 and Rs. 5515, respectively. For the year 2021–2022, the MSP for cotton (long staple) was raised from Rs. 5825 to Rs. 6025.

Concept: Economic Current Affair (Entrance Exam)
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