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Class 11Home ScienceWork, Livelihood and CareerTraditional occupations in India - AgricultureExpertLevel 7

What is the basic purpose of an arrangement like minimum support price in agriculture?

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Answer and explanation

Correct answer: To give farmers partial protection from price risk for some crops

Such an arrangement can provide partial protection against price fall. Exam tip: link it with price stability.

Tags

home-scienceminimum-support-priceprice-riskagriculture-policy

Frequently asked questions

What is the correct answer to this question?

To give farmers partial protection from price risk for some crops

Why is this the correct answer?

Such an arrangement can provide partial protection against price fall. Exam tip: link it with price stability.

Which subject and chapter does this question cover?

This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Traditional occupations in India - Agriculture.

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