2021 · Q82
The price declared by the Government every year before the sowing season to provide incentives to the farmers is called
indian-polity-economyeconomy-fundamentals
- Abuffer price
- Bissue price
- Cminimum support price
- Dfair sustenance price
Explanation
The minimum support price (MSP) is declared by the government every year before the sowing season to assure farmers a remunerative price and incentivize cultivation. The buffer price relates to buffer-stock operations and the issue price to PDS distribution; 'fair sustenance price' is not the standard term. Hence minimum support price is correct.