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UPSC 2018EconomyModerate

Consider the following : 1. Areca nut 2. Barley 3. Coffee 4. Finger millet 5. Groundnut 6. Sesamum 7. Turmeric The Cabinet Committee on Economic Affairs has announced the Minimum Support Price for which of the above ?

A
1, 2, 3 and 7 only
B
2, 4, 5 and 6 only
Correct answer
C
1, 3, 4, 5 and 6 only
D
1, 2, 3, 4, 5, 6 and 7

Explanation

Option (b) is correct because the government mandates Minimum Support Price (MSP) for 22 crops and Fair and Remunerative Price (FRP) for sugarcane, which includes Barley, Finger millet, Groundnut, and Sesamum. Option (d) is a common trap because while Areca nut, Coffee, and Turmeric are major agricultural products, they are not among the 23 mandated crops covered under the MSP regime. The core concept tested is the specific list of cereals, pulses, oilseeds, and commercial crops for which the Commission for Agricultural Costs and Prices (CACP) recommends price support.

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