In country like India lot of farmers die out of starvation and suicide every now and then. Which one of the
following is announced by the government in support of a crop to control exploitation?
(a) maximum support price
(b) minimum support price
(c) moderate support price
(d) influential support price
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Answer:
Minimum support price
Explanation:
The Minimum Support Price (MSP) was announced by the Government of India for the first time in 1966-67 for wheat. The MSP is the price at which government purchases crops from the farmers.
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