Government has announced to fix MSP at a level of at least.....per cent of the cost of production for kharif crops 2018-19 which redeems the promise made in the Union Budget for 2018-19.

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Government has announced to fix MSP at a level of at least____per cent of the cost of production for kharif crops 2018-19 which redeems the promise made in the Union Budget for 2018-19.

A	50 per cent
B	250 per cent
C	200 per cent
D	150 per cent

Explanation:

Detailed explanation-1: -The increase in MSP for Kharif Crops for Marketing Season 2022-23 is in line with the Union Budget 2018-19 announcement of fixing the MSP at a level of at least 50 percent over the All India weighted average Cost of Production, aiming at a reasonably fair remuneration for the farmers.

Detailed explanation-2: -The farmers are paid a pre-announced price for their crops. This price is called Minimum Support Price (MSP). The MSP is declared by the government every year before the sowing season to provide incentives to the farmers for raising the production of these crops.

Detailed explanation-3: -The MSP of common grade variety of paddy-the main kharif crop-has been increased by Rs 100 to Rs 2, 040/quintal for the 2022-23 crop year from Rs 1, 940 in the previous year.

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