New IFSCA Phase 1 Results Out - Enroll Here for Phase 2

    Register

    Question

    While recommending price policy of various commodities under its mandate, the Commission keeps in mind ____

    A Cost of production Correct Answer Incorrect Answer
    B Fertilizer consumption Correct Answer Incorrect Answer
    C Water usage Correct Answer Incorrect Answer
    D Export demand Correct Answer Incorrect Answer
    E Labor cost Correct Answer Incorrect Answer

    Solution

    The Commission for Agricultural Costs and Prices (CACP) recommends price policies for agricultural commodities based on various factors, with the cost of production being a crucial consideration. This ensures that farmers receive fair returns for their efforts and input costs.

    Practice Next