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Banking Sample Paper SBI PO (Main) Sample Test Paper-2

  • question_answer
    Statement: The government has hiked the minimum support price (MSP) of paddy from Rs. 60 to Rs. 1,470 per quintal for the year 2016-17 kharif season. Which of the following will not be an effect of the increase in the MSP by the government?

    A)  Farmers' income may increase in the country.

    B)  The retail price of rice will decrease in the market.

    C)  The production of kharif crop may increase for the year 2016-17.

    D)  More farmers will cultivate kharif crops.

    E)  All of these

    Correct Answer: B

    Solution :

     Only b) will not be an effect of increase in the MSP by the government.


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