Multiple choice

the price announced by the government in support of a crop is

  1. maximum support price

  2. minimum support price

  3. moderate support price

  4. influential support price

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

The Minimum Support Price (MSP) is the rate at which the government buys crops from farmers to protect them against a sharp fall in farm prices. It ensures that farmers receive a guaranteed price for their produce.