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The minimum support priceand procurement price for agriculture products are fixed by the government on the recommendations of
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- Competition Commission of India
- National Development Council
- Planning Commission
- Commission for Agricultural Costs and Prices (CACP)
Correct Option: D
The Commission for Agricultural Costs & Prices (CACP) came into existence in January 1965. 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. The minimum support prices are announced by the Government of the India at the beginning of the sowing season for certain crops on the basis of the recommendations of the Commission for Agricultural Costs and Prices (CACP).
