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Question : As announced in the Union Budget, 2018-19, the Government of India fixes the minimum support price (MSP) of crops at a level of at least ______ times the all-India weighted average cost of production.

Option 1: 1.1

Option 2: 1.7

Option 3: 1.5

Option 4: 1.2


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Team Careers360 6th Jan, 2024
Answer (1)
Team Careers360 9th Jan, 2024

Correct Answer: 1.5


Solution : The correct answer is 1.5 .

In the union budget 2018–19, the Government of India fixed the minimum support price of crops at a level of at least 1.5 times the all-India weighted average cost of production, aiming for reasonably fair remuneration for the farmers.

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