Question Details

Detailed explanation and options for the selected question.

What is the purpose of the "Minimum Support Price" (MSP) in India?

A. To encourage exports
B. To ensure a minimum income to farmers
C. To regulate food prices in urban areas
D. To increase agricultural imports

Explanation:

The MSP aims to protect farmers from price fluctuations and ensure a minimum income. It is not related to exports, urban pricing, or imports.

Related Topics

Research & Development and Innovation

Revision Notes

Public Finance and Government Debt

Revision Notes

Housing for All and Real Estate Sector

Revision Notes

Make in India 2.0

Revision Notes

Monetary Policy in India

Revision Notes

Climate Finance and Carbon Markets

Revision Notes

Inflation and Price Stability

Revision Notes

Foreign Trade Agreements and India’s Export Competitiveness

Revision Notes

Tourism and Hospitality Industry

Revision Notes

Electric Mobility and Vehicle Manufacturing

Revision Notes