Multiple choice

The government announces remunerative and procurement prices for important crops to check the exploitation of farmers by speculators and middlemen. What are these prices called?

  1. Maximum support price

  2. Minimum support price

  3. Maximum procurement price

  4. Minimum procurement price

  5. Minimum acquisition price

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

This is the correct answer. MSP is the minimum support price.