Which of the following factors are considered for the determination of MSP 1 demand and supply 2 cos...........

Economic Affairs Agricultural Marketing and Prices

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Which of the following factors are considered for the determination of MSP?

1) demand and supply

2) cost of production

3) price trends in the market, both domestic and international

4) likely implications of MSP on consumers

1,2 and 3 only

2 and 4 only

1 and 4 only

All of the above

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Explanation:

Determinants of MSP:
Commission keeps in mind demand and supply, cost of production(the most important one), price trends in the market, both domestic and international, inter-crop price parity, terms of trade between agricultural and non-agricultural sectors, likely implications of MSP on consumers, besides ensuring optimal utilization of natural resources like land and water.