Question

.......is a form of market intervention by the government of india to insure agricultural against any sharp fall in farm prices

Answer 1

Minimum support price(MSP) is a form of market intervention by the government of india to insure agricultural against any sharp fall in farm prices

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Answer 2

MSP stands for Minimum Support Price

Explanation:

• MSP stands for or termed as the Minimum Support Price, is defined as the kind or form of market intervention through the Government of India in order to insure the producers of the agricultural against the sharp decrease in the prices of the firm.

• In short, it is that price which is fixed or set by Government of India in order to protect the farmers as well as producers against the excessive fall in the price during the years or periods bumper productions.

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