Question

The Cabinet Committee on Economic Affairs has announced the Minimum Support Price for which
of the above?

Answer 1

Thank you for this question. Please find the answer below: 

The Cabinet Committee on Economic Affairs has announced the Minimum Support Price for the following in 2018-2019; 

Raw Jute.

The government of India has increased the minimum support price for fair average quantity of raw jute from INR 3,500 to INR 3,700. 

Answer 2

The government said that the rise in minimum support prices (MSP) for Kharif crops, authorized by the Cabinet Economic Affairs Committee, is compatible with granting farmers 1.5 times the production cost.

Explanation:

• Minimum Support Price (MSP) is a form of market interference by the Indian Government to ensure farm producers against any sharp drop in farm prices.
• The minimum support prices for certain crops are declared by the Indian government at the start of the sowing season on the premise of the Commission's recommendations on agricultural costs.

Learn more about minimum support prices

Why does the government announce minimum support price, remunerative and procurement prices for important crops ?

https://brainly.in/question/2747661

Question 10 Write notes on:

(a) Minimum support price

(b) Buffer stock

(c) Issue price

(d) Fair-price shops

https://brainly.in/question/1479154