b) Relate Distress Sale, MSP and Buffer Stock
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Answer:
Buffer stock refers to a reserve of a commodity that is used to offset price fluctuations and unforeseen emergencies. It is generally maintained for essential commodities and necessities like food grains, pulses
Explanation:
The concept of MSP, therefore, protects the farmers in the country in situations where crop prices fall drastically. Wheat and rice are among the top crops that are procured by the government at MSP from the country's farmers. A total of 22-23 crops are procured under MSP
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