Consider the following: 1. Areca nut 2. Barley 3. Coffee 4. Finger millet 5. Groundnut 6. Sesamum 7. Turmeric The Cabinet Committee on Economic Affair, has announced the Minimum Support Price for which of the above?

QUESTION

Medium

Economy

Prelims 2018

Consider the following:

The Cabinet Committee on Economic Affair, has announced the Minimum Support Price for which of the above?

Select an option to attempt

Explanation

The Cabinet Committee on Economic Affairs (CCEA) announces the Minimum Support Price (MSP) for certain staple crops and some key commercial crops.
Barley, Finger millet, Groundnut, and Sesamum are crops for which MSP is typically announced by the government. These are important food or oilseed crops and support farmer income.
Areca nut and Coffee are considered cash crops and MSP is generally not announced for them.
Turmeric can be classified as a spice crop, and MSP announcements for spices is not very common,

Therefore, the most options for which CCEA announces MSP are 2, 4, 5 and 6.

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