Which of the following factors are taken into consideration for fixing Minimum Support Price (MSP)?
1. Demand and supply.
2. Cost of production
3. Price trends in the market, both domestic and international.
4. Inter-crop price parity
5. Terms of trade between agriculture and non-agriculture
Select the correct answer by using the codes given below.
1
1, 2 and 4 only
2
2, 4 and 5 only
3
1, 3, 4 and 5 only
4
1, 2, 3, 4 and 5