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

QUESTION

Medium

Economy

Prelims 2018

Consider the following:

Areca nut
Barley
Coffee
Finger millet
Groundnut
Sesamum
Turmeric

The Cabinet Committee on Economic Affairs 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 22 mandated crops and the Fair and Remunerative Price (FRP) for Sugarcane.

Statement 1 is Incorrect: Areca nut is a plantation crop and is not included in the list of 22 mandated crops for which MSP is announced.

Statement 2 is Correct: Barley is one of the seven cereals (Paddy, Wheat, Maize, Sorghum, Pearl millet, Barley, and Finger millet) for which MSP is announced.

Statement 3 is Incorrect: Coffee is a plantation/beverage crop and does not fall under the MSP regime.

Statement 4 is Correct: Finger millet (also known as Ragi) is a cereal crop included in the mandated list for MSP.

Statement 5 is Correct: Groundnut is one of the seven oilseeds (Groundnut, Rapeseed-Mustard, Soyabean, Sesamum, Sunflower, Safflower, and Nigerseed) covered under MSP.

Statement 6 is Correct: Sesamum is an oilseed crop for which the government officially announces MSP.

Statement 7 is Incorrect: Turmeric is a spice and is not among the 22 mandated crops for which MSP is announced by the CCEA.

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