{"id":89264,"date":"2025-06-01T10:00:13","date_gmt":"2025-06-01T10:00:13","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=89264"},"modified":"2025-06-01T10:00:13","modified_gmt":"2025-06-01T10:00:13","slug":"consider-the-following-statements-1-the-minimum-support-price-ms","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-minimum-support-price-ms\/","title":{"rendered":"Consider the following statements:\n \n 1. The Minimum Support Price (MS"},"content":{"rendered":"<p>Consider the following statements:<\/p>\n<ul>\n<li>1. The Minimum Support Price (MSP) for agricultural crops is determined by the Central Government.<\/li>\n<li>2. The MSP is based on the recommendations of the Commission for Agricultural Costs and Prices (CACP).<\/li>\n<li>3. The MSP is mandatory for procurement of agricultural produce by the government agencies.<\/li>\n<\/ul>\n<p>Which of the statements given above are correct?<\/p>\n<p>[amp_mcq option1=&#8221;1 and 2 only&#8221; option2=&#8221;1 and 3 only&#8221; option3=&#8221;2 and 3 only&#8221; option4=&#8221;1, 2 and 3&#8243; correct=&#8221;option1&#8243;]<\/p>\n<div class=\"psc-box-pyq-exam-year-detail\">\n<div class=\"pyq-exam\">\n<div class=\"psc-heading\">This question was previously asked in<\/div>\n<div class=\"psc-title line-ellipsis\">UPSC CAPF &#8211; 2010<\/div>\n<\/div>\n<div class=\"pyq-exam-psc-buttons\"><a href=\"\/pyq\/pyq-upsc-capf-2010.pdf\" target=\"_blank\" class=\"psc-pdf-button\" rel=\"noopener\">Download PDF<\/a><a href=\"\/pyq-upsc-capf-2010\" target=\"_blank\" class=\"psc-attempt-button\" rel=\"noopener\">Attempt Online<\/a><\/div>\n<\/div>\n<section id=\"pyq-correct-answer\">\nStatements 1 and 2 are correct, while statement 3 is incorrect.<br \/>\n<\/section>\n<section id=\"pyq-key-points\">\n&#8211; Statement 1: The Minimum Support Price (MSP) for various agricultural crops is fixed or determined by the Central Government, specifically by the Cabinet Committee on Economic Affairs (CCEA). This statement is correct.<br \/>\n&#8211; Statement 2: The CCEA fixes the MSP based on the recommendations provided by the Commission for Agricultural Costs and Prices (CACP). This statement is correct.<br \/>\n&#8211; Statement 3: MSP is the price at which the government agencies, like FCI, procure certain crops from farmers. However, it is not legally mandatory for all government agencies or market participants to procure *all* agricultural produce at MSP. Procurement policies vary by crop and state, and the effectiveness of MSP as a floor price depends on the extent of procurement and market conditions. The statement &#8220;MSP is mandatory for procurement of agricultural produce by the government agencies&#8221; is too absolute and not entirely reflective of the ground reality or policy design for all crops under MSP. This statement is incorrect.<br \/>\n<\/section>\n<section id=\"pyq-additional-information\">\nMSP is intended to protect farmers from price volatility and ensure a minimum profitable price. While government procurement at MSP is a key mechanism, it doesn&#8217;t cover all crops equally or ensure procurement of the entire marketable surplus for every farmer.<br \/>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Consider the following statements: 1. The Minimum Support Price (MSP) for agricultural crops is determined by the Central Government. 2. The MSP is based on the recommendations of the Commission for Agricultural Costs and Prices (CACP). 3. The MSP is mandatory for procurement of agricultural produce by the government agencies. Which of the statements given &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Consider the following statements:\n \n 1. The Minimum Support Price (MS\" class=\"read-more button\" href=\"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-minimum-support-price-ms\/#more-89264\">Detailed Solution<span class=\"screen-reader-text\">Consider the following statements:<\/p>\n<p> 1. The Minimum Support Price (MS<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1085],"tags":[1464,1379,1120],"class_list":["post-89264","post","type-post","status-publish","format-standard","hentry","category-upsc-capf","tag-1464","tag-agriculture-and-allied-sectors","tag-economic-development","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Consider the following statements:  1. The Minimum Support Price (MS<\/title>\n<meta name=\"description\" content=\"Statements 1 and 2 are correct, while statement 3 is incorrect. - Statement 1: The Minimum Support Price (MSP) for various agricultural crops is fixed or determined by the Central Government, specifically by the Cabinet Committee on Economic Affairs (CCEA). This statement is correct. - Statement 2: The CCEA fixes the MSP based on the recommendations provided by the Commission for Agricultural Costs and Prices (CACP). This statement is correct. - Statement 3: MSP is the price at which the government agencies, like FCI, procure certain crops from farmers. However, it is not legally mandatory for all government agencies or market participants to procure *all* agricultural produce at MSP. Procurement policies vary by crop and state, and the effectiveness of MSP as a floor price depends on the extent of procurement and market conditions. The statement &quot;MSP is mandatory for procurement of agricultural produce by the government agencies&quot; is too absolute and not entirely reflective of the ground reality or policy design for all crops under MSP. This statement is incorrect.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-minimum-support-price-ms\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Consider the following statements:  1. The Minimum Support Price (MS\" \/>\n<meta property=\"og:description\" content=\"Statements 1 and 2 are correct, while statement 3 is incorrect. - Statement 1: The Minimum Support Price (MSP) for various agricultural crops is fixed or determined by the Central Government, specifically by the Cabinet Committee on Economic Affairs (CCEA). This statement is correct. - Statement 2: The CCEA fixes the MSP based on the recommendations provided by the Commission for Agricultural Costs and Prices (CACP). This statement is correct. - Statement 3: MSP is the price at which the government agencies, like FCI, procure certain crops from farmers. However, it is not legally mandatory for all government agencies or market participants to procure *all* agricultural produce at MSP. Procurement policies vary by crop and state, and the effectiveness of MSP as a floor price depends on the extent of procurement and market conditions. The statement &quot;MSP is mandatory for procurement of agricultural produce by the government agencies&quot; is too absolute and not entirely reflective of the ground reality or policy design for all crops under MSP. This statement is incorrect.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-minimum-support-price-ms\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T10:00:13+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Consider the following statements:  1. The Minimum Support Price (MS","description":"Statements 1 and 2 are correct, while statement 3 is incorrect. - Statement 1: The Minimum Support Price (MSP) for various agricultural crops is fixed or determined by the Central Government, specifically by the Cabinet Committee on Economic Affairs (CCEA). This statement is correct. - Statement 2: The CCEA fixes the MSP based on the recommendations provided by the Commission for Agricultural Costs and Prices (CACP). This statement is correct. - Statement 3: MSP is the price at which the government agencies, like FCI, procure certain crops from farmers. However, it is not legally mandatory for all government agencies or market participants to procure *all* agricultural produce at MSP. Procurement policies vary by crop and state, and the effectiveness of MSP as a floor price depends on the extent of procurement and market conditions. The statement \"MSP is mandatory for procurement of agricultural produce by the government agencies\" is too absolute and not entirely reflective of the ground reality or policy design for all crops under MSP. This statement is incorrect.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-minimum-support-price-ms\/","og_locale":"en_US","og_type":"article","og_title":"Consider the following statements:  1. The Minimum Support Price (MS","og_description":"Statements 1 and 2 are correct, while statement 3 is incorrect. - Statement 1: The Minimum Support Price (MSP) for various agricultural crops is fixed or determined by the Central Government, specifically by the Cabinet Committee on Economic Affairs (CCEA). This statement is correct. - Statement 2: The CCEA fixes the MSP based on the recommendations provided by the Commission for Agricultural Costs and Prices (CACP). This statement is correct. - Statement 3: MSP is the price at which the government agencies, like FCI, procure certain crops from farmers. However, it is not legally mandatory for all government agencies or market participants to procure *all* agricultural produce at MSP. Procurement policies vary by crop and state, and the effectiveness of MSP as a floor price depends on the extent of procurement and market conditions. The statement \"MSP is mandatory for procurement of agricultural produce by the government agencies\" is too absolute and not entirely reflective of the ground reality or policy design for all crops under MSP. This statement is incorrect.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-minimum-support-price-ms\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2025-06-01T10:00:13+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-minimum-support-price-ms\/","url":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-minimum-support-price-ms\/","name":"Consider the following statements: 1. The Minimum Support Price (MS","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2025-06-01T10:00:13+00:00","dateModified":"2025-06-01T10:00:13+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"Statements 1 and 2 are correct, while statement 3 is incorrect. - Statement 1: The Minimum Support Price (MSP) for various agricultural crops is fixed or determined by the Central Government, specifically by the Cabinet Committee on Economic Affairs (CCEA). This statement is correct. - Statement 2: The CCEA fixes the MSP based on the recommendations provided by the Commission for Agricultural Costs and Prices (CACP). This statement is correct. - Statement 3: MSP is the price at which the government agencies, like FCI, procure certain crops from farmers. However, it is not legally mandatory for all government agencies or market participants to procure *all* agricultural produce at MSP. Procurement policies vary by crop and state, and the effectiveness of MSP as a floor price depends on the extent of procurement and market conditions. The statement \"MSP is mandatory for procurement of agricultural produce by the government agencies\" is too absolute and not entirely reflective of the ground reality or policy design for all crops under MSP. This statement is incorrect.","breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-minimum-support-price-ms\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-minimum-support-price-ms\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-minimum-support-price-ms\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"UPSC CAPF","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/upsc-capf\/"},{"@type":"ListItem","position":3,"name":"Consider the following statements: 1. The Minimum Support Price (MS"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/89264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=89264"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/89264\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=89264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=89264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=89264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}