WBCS.LIVE practice question

Which body is responsible for recommending the Minimum Support Price (MSP) for crops in India?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. NITI Aayog
  2. NABARD
  3. CACP
  4. Ministry of Finance

Correct answer and explanation

Correct answer: CACP

Explanation: āœ… Correct Answer: C) CACP šŸ“š Explanation: The Commission for Agricultural Costs and Prices (CACP) is an attached office of the Ministry of Agriculture and Farmers Welfare. It recommends MSPs for 23 mandated crops based on the cost of production and market trends. The final decision on MSP is taken by the Cabinet Committee on Economic Affairs (CCEA).