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Pricing Policy of Minimum support price ...

Pricing Policy of Minimum support price follows which approach?

A

Cost plus approach

B

Investment plus approach

C

Land plus approach

D

Loan plus approach

Text Solution

Verified by Experts

The correct Answer is:
A
Minimum Support Price (MSP) is a form of market intervention by the Government of India to insure agricultural producers against any sharp fall in farm prices. Cost of production (CoP) is one of the important factors in the determination of MSP of mandated crops.
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