The economic cost of foodgrains to the Food Corporation of India is Minimum Support Price and bonus (if any) paid to the farmers plus

Which one of the following factors is not considered in determining the Minimum Support Price (MSP) in India?

Who determines the minimum support price in India?

Which of the following statements regarding the Minimum Support Price is incorrect?

Consider the following statements: 1. In the case of all cereals, pulses and oilseeds, the procurement at Minimum Support Price (MSP) is unlimited in any State/UT of India. 2. In the case of cereals…

With reference to the sectors of the Indian economy, consider the following pairs: Economic activity – Sector 1. Storage of agricultural produce – Secondary 2. Dairy farm – Primary 3. Mineral explora…