Question

The price at which government purchase ............. before sowing is called ............., Fill in the blanks.

Answer 1

Answer:

Minimum support price

Answer 2

Explanation:

The price that the government purchase food grains before they are sowed is known as minimum support price or MSP. This is a declaration made by the government so that the farmers get encouraged to cultivate the food crops and do not fear loss due to the sudden drop in prices. It works as an incentive and convinces the farmers that there will be no loss on production.