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Q.

The minimum support price in declared by the Government every?

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a

Every year

b

Every 5 year

c

Every 4 year

d

Every 10 year

answer is A.

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Detailed Solution

The minimum support price is the price that is declared by the government to insure agricultural producers against any sharp fall in farm prices. The minimum support price is announced by the government of India every year before the sowing season and provides incentives to the farmers for raising the production of their crops.

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