Agricultural Pricing in India

Which agricultural season in India begins in June/July and ends in October/November?

• Kharif

• Rabi

• None of these

Which is called the golden fibre?

• Cotton

• Jute

• Silk

Cotton is grown in __________.

• Bihar

• Karnataka

• Maharashtra

Tea is grown in _________.

• Kerala

• Assam

• Gujarat

Objectives of Agricultural Price Policy include all of the following EXCEPT:

• To protect and insure the producers through minimum support prices

• To promote optimum targeted crop mix

• To decrease marketable surplus

• To protect the consumer against excessive rise in prices

The Food Corporation of India (FCI) and the Agricultural Prices Commission (APC) were set up in ______ to help administer food security in the country.

• 1960

• 1965

• 1970

• 1975

The FCI is the agency to purchase food-grains in India at the _______ and to stock and distribute these to the consumers through the Public Distribution System.

• Issue Price

• Procurement Price

• Minimum Support Price (MSP)

• Cost Price

The Public Distribution System (PDS) consists of as many as 463,000 ________ spread all over the country.

• sales shops

• fair price shops

• godowns

• warehouses

The main function of the APC (Agricultural Prices Commission), renamed as ________ in 1985, is to advise the Government on price policy for agricultural commodities.

• Commission for Agricultural Prices or CAP

• Committee for Agricultural costs and Prices or CACP

• Committee for Agricultural Prices or CAP

• Commission for Agricultural costs and Prices or CACP

To ensure agricultural producers against any sharp fall in farm prices and in the backdrop of food scarcity and price fluctuations, ______ was introduced in 1966-67, by Govt. of India as a market intervention.

• Issue Price

• Minimum Support Price

• Procurement Price

• Controlled Sales Price