With reference to the Minimum Support Price (MSP) in India, consider the following statements:
1. The Government of India notifies the MSP for 22 mandated crops every year, including 6 Kharif and 14 Rabi crops.
2. MSP is also applicable to commercial crops such as Toria and de-husked coconut.
3. The Cabinet Committee on Economic Affairs (CCEA) is responsible for recommending MSPs.

How many of the statements given above are correct?
(a) Only one
(b) Only two
(c) All three
(d) None

Question

With reference to the Minimum Support Price (MSP) in India, consider the following statements:
1. The Government of India notifies the MSP for 22 mandated crops every year, including 6 Kharif and 14 Rabi crops.
2. MSP is also applicable to commercial crops such as Toria and de-husked coconut.
3. The Cabinet Committee on Economic Affairs (CCEA) is responsible for recommending MSPs.

How many of the statements given above are correct?
(a) Only one
(b) Only two
(c) All three
(d) None

TutorArc · Accepted Answer

The Government of India fixes Minimum Support Price (MSP) for 22 mandated agricultural crops on the basis of the recommendations of the Commission for Agricultural Costs & Prices (CACP), views of State Governments and Central Ministries/Departments concerned.

Statement 1 is not correct: The 22 mandated crops include 14 kharif crops,viz., Paddy, Jowar, Bajra, Ragi, Maize, Tur (Arhar), Moong, Urad, Groundnut, Sunflower Seed, Soyabean (Yellow), Sesamum, Niger Seed, and Cotton and 6 Rabi crops viz.,wheat, barley, gram, lentil, rapeseed and mustard, and safflower.

Statement 2 is not correct: MSP is provided in 2 commercial crops viz., Jute and copra.In addition to that ,MSP for toria and de-husked coconut are also fixed on the basis of MSPs of rapeseed , mustard and copra, respectively.

Statement 3 is not correct: The CACP (Commission for Agricultural Costs and Prices) is responsible for recommending MSPs. The Cabinet Committee on Economic Affairs (CCEA) is responsible for the final approval and announcement, not the recommendation.

Agricultural Economics

Minimum Support Price (MSP) in India

Website Link

Test Your Knowledge

Student Resources


M Question 1	⏱ 0
With reference to the Minimum Support Price (MSP) in India, consider the following statements: 1. The Government of India notifies the MSP for 22 mandated crops every year, including 6 Kharif and 14 Rabi crops. 2. MSP is also applicable to commercial crops such as Toria and de-husked coconut. 3. The Cabinet Committee on Economic Affairs (CCEA) is responsible for recommending MSPs. How many of the statements given above are correct? (a) Only one (b) Only two (c) All three (d) None

Agricultural Economics

Minimum Support Price (MSP) in India

Demo Session!

Demo Session Fill out the form below and hit the Join Session button to proceed.

Demo Session
Fill out the form below and hit the Join Session button to proceed.