Which of the following bodies recommends nummum support price for crops? - General Test

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MCQ

Which of the following bodies recommends nummum support price for crops?

Options

  • NITI Ayog 

  • FCI 

  • NABARD 

  • CACP

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Solution

CACP

Explanation:

A minimum support price, or MSP, is set for any crop that the government deems to be profitable for farmers and hence deserving of support.

The fair and remunerative price (FRP) for sugarcane is also recommended by the Commission for Agricultural Costs & Prices (CACP), along with MSPs for 22 mandatory crops.

Concept: Economic Current Affair (Entrance Exam)
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