[[1]] is a price at which the government purchases food grains from farmers.

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Detailed Solution

The minimum Support Price is the price at which the government purchases food grains from farmers.
The price at which the government purchases food grains from farmers is called the minimum support price. This price is different from the market prices. The government declares these prices during the sowing season to encourage the farmers to produce a high amount of these food grains. This helps support the farmers in case the market prices fall during the harvest period. It also acts as an incentive for the farmers to grow food grains instead of cash crops. The government then distributes this stock to poor people or keeps it as a buffer.

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