With reference to the Minimum Support Price, consider the following statements.
1. Recently Central government has hiked the minimum support price only for common paddy and wheat.
2. The MSP is fixed twice a year on the recommendations of the Commission for Agricultural Costs and Prices (CACP).
3. The major problem with the MSP is the lack of government machinery for procurement for all crops except wheat and rice.
Which of the statements given above is/are correct?
1
1 only
2
1 and 3 only
3
2 and 3 only
4
1, 2 and 3