Multiple choice

Which among the following bodies recommends MSP (Minimum Support Price) for the crops in India?

  1. FCI (Food Corporation of India)

  2. RBI (Reserve Bank of India)

  3. Ministry of Agriculture

  4. CACP (Commission for Agricultural Costs and Prices)

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Commission for Agricultural Costs and Prices (CACP) recommends MSP for crops to the Government of India. CACP is an attached office of the Ministry of Agriculture and Farmers' Welfare. FCI procures crops at MSP, RBI regulates monetary policy, and the Ministry implements policies but doesn't set prices.