Which of the following factors/policies were affecting the price of rice in India in the recent past?1.Minimum Support Price2.Government's trading3.Government's stockpiling4.Consumer subsidiesSelect the correct answer using the code given below

1. A

   1, 2 and 4 only

   1, 2 and 4 only. Stockpiling also moves prices.

2. B

   1, 3 and 4 only

   1, 3 and 4 only. FCI/government trading also matters.

3. C

   2 and 3 only

   2 and 3 only. Under-counts MSP and consumer subsidy.

4. D

   1, 2, 3 and 4

   All four. MSP, government trading, stockpiling and consumer subsidies all affected rice prices.

Summary. Official key is (d) 1, 2, 3 and 4. Rice prices in India are a policy price: MSP, FCI buying and selling, buffer stocks, and food-subsidy issue prices all pull the same market.