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UPSC 2020: Consider the following statements : 1. In the case of all cereals, pulses and oil-seeds, the procurement at Minimum Support Price (MSP) is unlimited in any State/UT of India. 2. In the case of cereals and pulses, the MSP is fixed in any State/UT at a level to which the market price will never rise. Which of the statements given above is/are correct ?
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2
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Not attemptedCorrect Answer: (d) Neither 1 nor 2
Procurement at MSP is open-ended only for rice and wheat; for pulses and oilseeds it is capped (typically 25 % of production) under schemes such as PM-AASHA, so statement 1 is wrong. MSP is a floor price, not a ceiling—market prices can and do rise above it—so statement 2 is also wrong. Hence neither statement is correct. ([visionias.in](https://visionias.in/current-affairs/news-today/2024-09-19/economy/cabinet-approves-continuation-of-schemes-of-pradhan-mantri-annadata-aay-sanrakshan-abhiyan-pm-aasha?utm_source=openai))
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Frequently Asked Questions
What is the correct answer to this UPSC 2020 Indian Economy question?▼
The correct answer is option (d): Neither 1 nor 2. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this Agriculture & Rural Development question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2020, GS Paper 1, as Question 69. It falls under Indian Economy > Agriculture & Rural Development.
What is the difficulty level of this UPSC question?▼
This question is rated "moderate". It requires sound conceptual understanding of the topic.
How many UPSC Prelims questions have been asked from Agriculture & Rural Development?▼
UPSC has asked 60 questions from Agriculture & Rural Development (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.