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The Government of India releases MSP of agricultural produce from time to time. What is the full form of MSP?

  1. A
    Minimum Selling Price
  2. B
    Minimum Support Price
  3. C
    Maximum Selling Price
  4. D
    Maximum Support Price

Solution & Step-by-step Explanation

The full form of MSP is Minimum Support Price. It is an agricultural product price set by the Government of India to purchase directly from the farmer, acting as a safety net against sharp drops in crop prices.

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The Government of India releases MSP of agricultural produce from time to time. What is the full form of MSP?
A
Minimum Selling Price
B
Minimum Support Price
C
Maximum Selling Price
D
Maximum Support Price

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Indian EconomyAgricultureGovernment Policies

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