New NABARD Workshop - Last 4 year trend. March 5 at 5 PM. Register here

    Question

    The Union Budget for 2018-19 announced that farmers in

    India would be given an MSP of at least _________ the cost of production.
    A one and a half times Correct Answer Incorrect Answer
    B two times Correct Answer Incorrect Answer
    C two and a half times Correct Answer Incorrect Answer
    D three times Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The Union Budget for 2018-19 announced that farmers in India would be given an MSP of at least one and a half times the cost of production. Accordingly, the Government has been increasing the MSP for all 22 Kharif, Rabi and other commercial crops with a margin of at least 50 per cent over the all-India weighted average cost of production since the agricultural year 2018-19.

    Practice Next

    Relevant for Exams: