Government has announced to fix MSP at a level of at least ________________ per cent of the cost of production for kharif crops 2018-19 which redeems the promise made in the Union Budget for 2018-19.
A) 50 per cent B) 250 per cent C) 200 per cent D) 100 per cent
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Answer:
MSP rate for Paddy now at Rs 1868 per quintal, Jowar-Rs 2620/quintal, Bajra-Rs 2150/quintal, and 50% increase in Ragi, Moong, Groundnut, Soyabean, Til and Cotton, for the year 2020-21," news agency ANI quoted Tomar as saying at the briefing
Explanation:
MSP mechanism is designed in such a way that it will take into account production costs of the farmers. Thus the prices offered by the government will atleast cover basic costs and certain profit can be expected too
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