Which of the following statement(s) is/are correct about Minimum Support Prices(MSPs)? - Study24x7
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Which of the following statement(s) is/are correct about Minimum Support Prices(MSPs)?

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

B

The MSPs are announced by the Government of India based on the recommendations of Cabinet Committee on Economic Affairs.

C

Both A and B

D

Neither A nor B

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