Correct answer: (d) Neither 1 nor 2
Explanation
- A
1 only
1 only. MSP procurement is not unlimited for all cereals, pulses and oilseeds in every UT.
- B
2 only
2 only. MSP is not a ceiling the market can never exceed.
- C
Both 1 and 2
Both. Both fail.
- D
Neither 1 nor 2
Neither. Open-ended procurement is mainly paddy and wheat (plus some cotton/others in practice), not every pulse and oilseed everywhere. Market prices can and do rise above MSP.
Summary. Official key is (d) neither. MSP is a floor the government offers, not a cap, and not an unlimited buy of every cereal, pulse and oilseed in every State.
PYQ trend
When UPSC asked this
Related PYQs from other years, newest first. Open a question to read it.
-
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 4. Free electricity supply to farmers 5. Waiver of agricultural loans by the banking system 6. Setting up of cold storage facilities by the governments Select the correct answer using the code given below: -
2020 · Q63 · General Studies · 2 marks
Which of the following factors/policies were affecting the price of rice in India in the recent past? 1. Minimum Support Price 2. Government's trading 3. Government's stockpiling 4. Consumer subsidies Select the correct answer using the code given below -
2019 · Q79 · General Studies · 2 marks
The economic cost of food grains to the Food Corporation of India is Minimum Support Price and -
2018 · Q93 · General Studies · 2 marks
The Cabinet Committee on Economic Affairs has announced the Minimum Support Price for which of the following? 1. Areca nut 2. Barley 3. Coffee 4. Finger millet 5. Groundnut 6. Sesamum 7. Turmeric