GK
SOIL AND AGRICULTURE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Retail price
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Support price
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Wholesale price
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None of these
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Detailed explanation-1: -The objective of the Commission: The Commission was established to recommend Minimum Support Prices (MSPs), to motivate cultivators and farmers to adopt the latest technology in order to optimize the use of resources and increase productivity. However, its suggestions are not binding on the Government.
Detailed explanation-2: -The minimum support prices are announced by the Government of India at the beginning of the sowing season for certain crops on the basis of the recommendations of the Commission for Agricultural Costs and Prices (CACP).
Detailed explanation-3: -The Centre has re-appointed Vijay Paul Sharma as the chairman of the Commission for Agricultural Costs & Prices (CACP) after he relinquished the post in May last year following completion of the five-year tenure.
Detailed explanation-4: -In agriculture, land in some sense is a fixed capital. The other important items of fixed costs are implements and tools, machinery, farm buildings, work animals etc.