UPSC Economics Indian Economy / भारतीय अर्थव्यवस्था Question Bank Agriculture

  • question_answer
    Which one of the following agencies of Indian Government implements the price support scheme (PSS)?

    A) FCI

    B) NAFED

    C) Agriculture pricing agency of India

    D) None of the above

    Correct Answer: B

    Solution :

    In Order to help the farmers in getting remunerative prices for their produce with a view to encourage higher investment and as also to increase production and productivity of a commodity, the government declares Minimum Support Price (MSPs) for 25 notified agricultural commodities for each Kharif & Rabi crop season. National Agricultural cooperative Marketing Federation of India Ltd (NAFED) is one of the Central Nodal Agencies which implements PSS.


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