Which body recommends the Minimum Support Prices announced by the Union Government?
- A.NITI Aayog
- B.Food Corporation of India
- C.Commission for Agricultural Costs and Prices
- D.National Agricultural Cooperative Marketing Federation
Correct answer
Explanation
The correct answer is the Commission for Agricultural Costs and Prices. Minimum Support Prices are declared every year for 22 mandated crops on the recommendations of this commission, which also takes into account the views of state governments and central ministries and departments. Its reckoning covers the cost of production, demand and supply in domestic and world markets, prices at home and abroad, parity between crops, the terms of trade between farming and other sectors, the effect of the price policy on the economy, and a minimum margin of 50 per cent over the cost of production. Option B, the Food Corporation of India, buys cereals at the declared price but does not fix it. Option D, NAFED, procures pulses, oilseeds and copra under the Price Support Scheme and likewise has no price-setting role. Option A, NITI Aayog, is a policy think tank and is not the recommending authority for MSP.
Read the full article: Rabi MSP for 2027-28: Safflower Gets the Biggest Rise
Practice Questions
Which rabi crop has been given the highest absolute increase in Minimum Support Price for Marketing Season 2027-28?
- A.Wheat
- B.Safflower
- C.Lentil (masur)
- D.Gram
Show answer
Its support price was raised by the largest rupee amount among the mandated rabi crops, Rs 675 a quintal, when the rates for Rabi Marketing Season 2027-28 were cleared on 30 September 2026.
Read the full explanation →How much is estimated to be paid to farmers for rabi produce in Marketing Season 2027-28?
- A.Rs 45,500 crore
- B.Rs 68,300 crore
- C.Rs 90,962 crore
- D.Rs 1.25 lakh crore
Show answer
When the higher support prices for all mandated rabi crops of Marketing Season 2027-28 were approved on 30 September 2026, the payment to farmers was estimated at that figure for 324 lakh metric tonnes of produce.
Read the full explanation →What is the Minimum Support Price of wheat for Rabi Marketing Season 2027-28?
- A.Rs 2,585 per quintal
- B.Rs 2,610 per quintal
- C.Rs 2,650 per quintal
- D.Rs 2,700 per quintal
Show answer
That is the support price fixed for wheat for the rabi crop that will be marketed in the 2027-28 season, and it is Rs 25 above the rate of the preceding season.
Read the full explanation →Under which ministry does the Chief Labour Commissioner (Central) function?
- A.Ministry of Labour and Employment
- B.Ministry of Corporate Affairs
- C.Ministry of Skill Development and Entrepreneurship
- D.Ministry of Heavy Industries
Show answer
The office of the Chief Labour Commissioner (Central) works under this ministry, and the Assistant Labour Commissioner (Central) at Jalandhar, whose conciliation produced the settlements at UltraTech, Bathinda, functions under that office.
Read the full explanation →With which two trade unions were the settlements at UltraTech, Bathinda concluded?
- A.BMS and INTUC
- B.CITU and AITUC
- C.HMS and SEWA
- D.INTUC and AITUC
Show answer
The management of UltraTech at Bathinda signed one Memorandum of Settlement with each of these two unions on 14 October 2026, and together the agreements are expected to deliver benefits of about Rs 3.36 crore to 217 workers over five years.
Read the full explanation →