UPSC 2020EconomyModerate

Consider the following statements : 1. In the case of all cereals, pulses and oil-seeds, the procurement at Minimum Support Price (MSP) is unlimited in any State/UT of India. 2. In the case of cereals and pulses, the MSP is fixed in any State/UT at a level to which the market price will never rise. Which of the statements given above is/are correct ?

a
1 only
b
2 only
c
Both 1 and 2
d
Neither 1 nor 2
Agricultural PolicyMinimum Support Price (MSP)Minimum Support Price (MSP)CerealsPulsesOil-seedsProcurementUnlimitedMarket price

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