Q. With reference to Minimum Support Price (MSP) consider the following statements:
1.It is the price announced by the government post-harvesting of the crops.
2.MSP is decided on the recommendation of Capacity Building Commission on Agriculture (CBCA).
3.Minor Forests Produce (MFP) are included under MSP.
Which of the statements given above is/are correct?

[A] 1 and 2 only

[B] 3 only

[C] 2 and 3 only

[D] 2 only

Answer: B

Explanation –

Statement 1 and 2 are incorrect. The minimum support prices are announced by the Government of India at the beginning of the sowing season for certain crops on the basis of the recommendations of the Commission for Agricultural Costs and Prices (CACP).

Statement 3 is correct. MSPs are also announced for Minor Forest Produce to support tribal population.

Source: The Hindu