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

Gig Economy and Platform Workers

Revision Notes

Labour Codes and Workforce Formalization

Revision Notes

Rural Electrification and Saubhagya Scheme

Revision Notes

Crypto Assets and Regulation in India

Revision Notes

Startup Ecosystem and Entrepreneurship

Revision Notes

Public-Private Partnerships (PPP)

Revision Notes

Land Reforms and Land Titling

Revision Notes

Electric Mobility and Vehicle Manufacturing

Revision Notes

E-Waste and Circular Economy

Revision Notes

Foreign Exchange Reserves and Management

Revision Notes