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Q.

The ____of India has the authority to regulate the minimum support price.  


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Detailed Solution

The Food Corporation of India has the authority to regulate the minimum support price. The minimum support price refers to the price at which the government purchases wheat and rice from the farmers. The government buys the surplus from the farmers. The food corporation of India purchases wheat and rice from farmers in states such as Punjab, Haryana, and Uttar Pradesh, where there is surplus production.
 
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