Consider the following: 1. Areca nut 2. Barley 3. Coffee 4. Finge

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Consider the following:

  • 1. Areca nut
  • 2. Barley
  • 3. Coffee
  • 4. Finger millet
  • 5. Groundnut
  • 6. Sesamam
  • 7. Turmeric

The Cabinet Committee on Economic Affairs has announced the Minimum Support Price for which of the above?

1, 2, 3 and 7 only
2, 4, 5 and 6 only
1, 3, 4, 5 and 6 only
1, 2, 3, 4, 5, 6 and 7
This question was previously asked in
UPSC IAS – 2018
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The Cabinet Committee on Economic Affairs (CCEA) announces Minimum Support Prices (MSP) for various crops based on recommendations by the CACP. Among the listed items, MSP is announced for Barley (Rabi crop), Finger millet (Ragi – Kharif/Nutri-cereal), Groundnut (Kharif oilseed), and Sesamum (Sesame/Til – Kharif oilseed). MSP is not typically announced for Areca nut, Coffee, or Turmeric.
MSP is a price support mechanism by the government for selected agricultural crops to protect farmers from price fluctuations. The list of crops covered includes various cereals, pulses, oilseeds, and certain commercial crops. Plantation crops like Areca nut and Coffee, and spices like Turmeric are generally not included in the MSP list.
The government announces MSP for 22 mandated crops and fair and remunerative price (FRP) for sugarcane. The mandated crops include 14 Kharif crops, 6 Rabi crops, and 2 other commercial crops. Barley is a Rabi cereal. Finger millet (Ragi), Groundnut, and Sesamum are Kharif crops among the mandated list. Areca nut, Coffee, and Turmeric fall outside this list.

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