Economics: Food Security in India · Class 9 · CBSE Social Science
What is the primary objective of introducing Minimum Support Price (MSP) by the government before the sowing season begins?
Practice question from Economics: Food Security in India (Class 9 · CBSE Social Science), with the correct answer and a step-by-step solution.
medium · MCQ · Q-1F40C2
What is the primary objective of introducing Minimum Support Price (MSP) by the government before the sowing season begins?
- A.To ensure cheap food grains for urban consumers
- B.To provide price incentives and protect farmers from crop failure lossesCorrect answer
- C.To control the export of surplus agricultural goods
- D.To regulate the international market price of wheat and rice
Solution
The government announces the Minimum Support Price (MSP) every year before the sowing season to provide incentives to farmers for raising the production of these crops and to protect them from price crashes.
More from Economics: Food Security in India
- What are the three essential dimensions of food security as defined in the context of India's food policy?
- During which natural calamity or crisis is a famine most characteristically marked by widespread starvation and epidemics?
- Which organization is responsible for procuring and maintaining the buffer stock of food grains in India?
- Which scheme was launched in December 2000 specifically targeted at the 'poorest of the poor' under the Public Distribution System?
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