About minimum support price find out the correct combinations I If market price is hi...........

Economic Affairs Agricultural Marketing and Prices

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About minimum support price, find out the correct combinations :

I. If market price is higher, farmers will sell to the government.

II. It ensures minimum assured price for the produce of the farmers.

III. It helps in achieving food security objectives.

IV. MSP is set by FCI.

Codes:

I, II & IV

II, III & IV

II & III

II & IV

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Explanation:

Exp:- 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. MSP are announced by the Government of India at the beginning of the sowing season for certain crops on the basis of the recommendations of the Commission for Agricultural Costs and Prices (CACP). MSP is price fixed by Government of India to protect the producer - farmers - against excessive fall in price during bumper production years.