Which of the following is/are the determinants of MSP?
(i) Cost of Production
(ii) demand and supply
(iii) price trend
(iv) intercrop price parity
(v) terms of trade between agricultural and non-agricultural sectors
Cost of Production (CoP) is one of the important factors in the determination of MSP of mandated crops. Besides cost, the Commission considers other important factors such as demand and supply, price trend in the domestic and international markets, intercrop price parity, terms of trade between agricultural and nonagricultural sectors and the likely impact of MSP on consumers, in addition to ensuring rational utilisation of natural resources like land and water. Thus, pricing policy is rooted not in ’cost plus’ approach, though cost is an important determinant of MSP.
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Each of the following questions consists of two sets of figures. Figures A, B, C and D constitute the Problem Set while figures (1), (2), (3) and (4) c...
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Select the figure from among the given options that can replace the question mark in the given series.
Each of the following questions consists of two sets of figures. Figures A, B, C and D constitute the Problem Set while figures (1), (2), (3) and (4) c...
Select the figure from among the given options that can replace the question mark (?) in the following series.
Select the figure from the options that can replace the question mark (?) in the following series.
Select the figure from among the given options that can replace the question mark (?) in the following series.
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