Minimum Support Price (MSP) Quiz

Consider the following statements about the Minimum Support Price ( MSP)

1. The MSP is recommended by the Commission for Agricultural Costs and Prices which comes under the Ministry of Agriculture and Farmers Welfare.
2. The MSP submitted to the Government will be reviewed by Cabinet Committee on Economic Affairs ( CCEA) headed by Finance Minister ( Union)
3. MSP is finally announced by the Government at the start of each Cropping season i.e., Kharif and Rabi Seasons Which of the above statements are Correct ?

The Government of Karnataka, in its annual financial statement asked the Central Government to implement which of the following committee recommendation for calculating MSP ?

Consider the following statements about the MSP and FSP

1. Recommended by CACP and fixed by CCEA
2. Purchased by the Government
3. Statutory backing Which of the above criterias or conditions are same for both MSP and FSP in India ?

For which of the following crops, Indian Government donot give MSP ?

Consider the following statements

1. WTO seldom support the Government to increase the subsidy rates for MSP as it affects the International Trade negatively.
2. The Farmers from Haryana, Punjab and Uttar Pradesh are protesting in Delhi, with the Slogan of Chalo Delhi demanding for Statutory backing for MSP
3. Rice and Wheat are the major crops benefitting from MSP according to the reports
4. Shantakumar Commitee 2015 reported that only 6% farmers are being benefitted from MSP How many of the above statements are Correct ?