A
1 only
B
Both 1 and 2
C
Neither 1 nor 2
D
2 only
Correct answer: (a) 1 only
Explanation
Statement 1 is correct as MSP recommendations are formulated by CACP and approved by CCEA. Statement 2 is incorrect because the MSP principle targets a minimum return of 50% over the A2+FL production cost formula, not the C2 cost.
Same topic · past papers
UPSC has asked this before
These previous-year questions sit on the same topic. Open one to practise the earlier ask.
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2020 · Q86 · General Studies · 2 marks
With reference to pulse production in India, consider the following statements: 1. Black gram can be cultivated as both kharif and rabi crop. 2. Green-gram alone accounts for nearly half of pulse production. 3. In the last three decades, while the production of kharif pulses has increased the production of rabi pulses has decreased. Which of the statements given above is/are correct? -
2020 · Q69 · General Studies · 2 marks
Consider the following statements: 1. In the case of all cereals, pulses and oil-seeds, the procurement at Minimum Support Price (MSP) is unlimited in any State/UT of India. 2. In the case of cereals and pulses, the MSP is fixed in any State/UT at a level to which the market price will never rise. Which of the statements given above is/are correct? -
2018 · Q3 · GS III · 10 marks
What do you mean by Minimum Support Price (MSP)? How will MSP rescue the farmers from the low income trap? (150 Words, 10 Marks). -
2023 · Q27 · General Studies · 2 marks
Consider the following statements: 1. The Government of India provides Minimum Support Price for niger (Guizotia abyssinicia) seeds. 2. Niger is cultivated as a Kharif crop. 3. Some tribal people in India use niger seed oil for cooking. How many of the above statements are correct? -
2020 · Q61 · General Studies · 2 marks
In India, which of the following can be considered as public investment in agriculture? 1. Fixing Minimum Support Price for agricultural produce of all crops. 2. Computerization of Primary Agricultural Credit Societies 3. Social Capital development