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
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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