Government has announced to fix MSP at a level of at least per cent of the cost of production for kh...........

Current GK (IBPS-CL) Indian Economy

Government has announced to fix MSP at a level of at least ________________ per cent of the cost of production for kharif crops 2018-19 which redeems the promise made in the Union Budget for 2018-19.

This questions was previously asked in

IBPS CLERK MAINS 2018

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50 per cent

250 per cent

200 per cent

100 per cent

150 per cent

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Explanation:

- The Government of India announced that Minimum Support Price (MSP) for kharif crops 2018-19 would be fixed at at least 150% of the cost of production, fulfilling the promise made in the Union Budget for 2018-19.

- Option 1: 50% – Too low; the actual increase was much higher.

- Option 2: 250% – Incorrect; never proposed such a high level.

- Option 3: 200% – Same as above, not in policy.

- Option 4: 100% – This means MSP is equal to cost, not profitable.

- Option 5: 150% – Correct. It means farmers receive 1.5 times the cost incurred, incentivizing agriculture.