Multiple Choice Questions on The main objectives of Minimum Support Prices is are 1 Check fall in price beyond a limit 2 Protect ........... for General Studies (Level 1) Preparation

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Multiple Choice Questions

The main objectives of Minimum Support Prices is are 1 Check fall in price beyond a limit 2 Protect ...........

Indian Economy (Easy) Agriculture
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    The main objectives of Minimum Support Prices is / are

    1. Check fall in price beyond a limit

    2. Protect interest of the consumers

    3. Make procurement from the wholesalers easy

    Choose the correct option:

    Only 1

    Correct Answer

    Only 1 & 2

    Incorrect Answer

    Only 2 & 3

    Incorrect Answer

    1, 2 & 3

    Incorrect Answer
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    Explanation:

    Minimum support price (MSP) is fixed by the Government, as a minimum price for crops procured from the farmers. It was introduced to prevent the price of the crops from falling beyond a limit, which will affect the income of the farmers.

    By: Gagandeep Singh
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