Question
What is the procurement price?
- It is the price at which government purchases the crop after harvesting, while MSP is the minimum price at which government declares it will buy the crop.
- It is that price at which people purchases the crop after harvesting, while MSP is the maximum price at which government declares it will buy the crop
- It is the price at which people purchase the product from the government
Answer: Option B
Answer: (b)
Procurement price is the price at which government purchases the crop after harvesting, while MSP is the minimum price at which government declares it will buy the crop.
Since 1968-69, the MSP is usually the procurement price.
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Answer: (b)
Procurement price is the price at which government purchases the crop after harvesting, while MSP is the minimum price at which government declares it will buy the crop.
Since 1968-69, the MSP is usually the procurement price.
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