2014 · Q29
Which of the statements given below is/are correct?
- 1For the marketing year 2014-2015, the Minimum Support Price (MSP) for wheat in India has been fixed at Rs. 1400 per quintal.
- 2MSP is the rate at which the government sells the grains through the fair price shops.
Select the correct answer using the codes given below. Codes:
indian-polity-economyagriculture
- AOnly 1
- BOnly 2
- CBoth 1 and 2
- DNeither 1 nor 2
Explanation
The MSP for wheat for marketing year 2014-15 was fixed at Rs. 1400 per quintal, while MSP is the government's purchase price from farmers, not the fair-price-shop sale rate - only statement 1 is correct.