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

Skill Development Missions

Revision Notes

Banking Sector in India

Revision Notes

Regional Comprehensive Economic Partnerships (RCEP) Withdrawal

Revision Notes

Inclusive Growth and Development

Revision Notes

Evolution of Indian Economy

Revision Notes

Doubling Farmers’ Income

Revision Notes

Foreign Trade Agreements and India’s Export Competitiveness

Revision Notes

Tourism and Hospitality Industry

Revision Notes

Shadow Banking and NBFC Sector

Revision Notes

Housing for All and Real Estate Sector

Revision Notes