Economy2018
Consider the following: 1. Areca nut 2. Barley 3. Coffee 4. Finger millet 5. Groundnut 6. Sesamum 7. Turmeric The Cabinet Committee on Economic Affairs has announced the Minimum Support Price for which of the above?
Explanation
The Cabinet Committee on Economic Affairs (CCEA) announces Minimum Support Prices (MSP) to ensure farmers receive a fair price for their produce, thereby promoting agricultural stability. The crops mentioned in the correct option—Barley, Finger millet, Groundnut, and Sesamum—are significant for food security, nutrition, and supporting sustainable farming practices. MSP enhances farmers' livelihoods and encourages the cultivation of these crops, which are essential for diversifying agricultural production in line with national food policies, particularly relevant in the context of UPSC Prelims focusing on agricultural economics and policy frameworks.
