Which of the following statements about the Minimum Support Price (MSP) is/are correct?
1. MSP is based on the recommendations of the Commission for Agricultural Costs and Prices (CACP).
2. The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister of India, takes the final decision on the level of MSPs.
3. As of now, CACP recommends MSPs of 23 commodities, but does not include any commercial crops.
Select the correct answer using the code given below:
1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
1, 2, and 3