state gov TSPSC Group 3 (తెలంగాణ గ్రూప్ 3) 2023 Mock Test Series General Knowledge Economy Agriculture
Consider the following statements with respect to the Minimum Support Price (MSP):
1. The central government notifies MSPs based on the recommendations of the Commission for Agricultural Costs and Prices (CACP).
2. The CACP considers various factors such as the cost of cultivation and production, the productivity of crops, and market prices for the determination of MSPs.
3. The National Commission on Farmers in 2006 had recommended that MSPs must be at least 50% more than the cost of production.
Which of the statement given above are correct?
1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
1, 2 and 3