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Consider the following:

  1. Areca nut
  2. Barley
  3. Coffee
  4. Finger millet
  5. Groundnut
  6. Sesamum
  7. Turmeric
The Cabinet Committee on Economic Affairs has announced the Minimum Support Price for which of the above?
  1. 1, 2, 3 and 7 only
  2. 2, 4, 5 and 6 only
  3. 1, 3, 4, 5 and 6 only
  4. 1, 2, 3, 4, 5 and 7

Explanation

Option (b) is correct
  • The Centre currently fixes MSPs for 23 farm commodities
    • 7 cereals (paddy, wheat, maize, bajra, jowar, ragi (Finger millet) and barley),
    • 5 pulses (chana, arhar/tur, urad, moong and masur),
    • 7 oilseeds (rapeseed-mustard, groundnut, soyabean, sunflower, sesamum, safflower and nigerseed) and
    • 4 commercial crops (cotton, sugarcane, copra and raw jute).

Infographic diagram explains Minimum Support Price (MSP) system for farmers' produce, detailing government-set MSPs for 23 commodities across cereals, pulses, oilseeds, and commercial crops with specific crop names and categories. It outlines MSP calculation components (A2, FL, C2), roles of government, CACP, and CCEA, and compares MSP with ERP, highlighting farmer benefits, enforcement, and penalties for non-payment.

PMF Concept Hack

  • The Minimum Support Price announced by the Cabinet Committee on Economic Affairs generally covers food grains, pulses, oilseeds, and millets. Even if you confidently eliminate Coffee alone, options that contain it are ruled out immediately, significantly reducing confusion and making it easier to arrive at the correct answer.
Answer: (b) 2, 4, 5 and 6 only; Difficulty Level: Medium
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