With reference to the Minimum Support Price (MSP) scheme in India, consider the following statements:
1. MSP is a statutory right guaranteed by law to farmers for their produce.
2. The government procures all crops covered under the MSP scheme at the announced MSP.
3. The main objective of the MSP scheme is to ensure fair and remunerative prices for farmers.
How many of the above statements are incorrect?1
Only one
2
Only two
3
All three
4
None