The minimum support price of a crop in India is recommended by
- A.the Food Corporation of India
- B.the Commission for Agricultural Costs and Prices
- C.the Reserve Bank of India
- D.the National Statistical Office
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The Commission, set up in 1965 as the Agricultural Prices Commission and renamed in 1985, recommends the minimum support price for twenty-two mandated crops after weighing the cost of production, demand and supply, price trends and the terms of trade; the Cabinet Committee on Economic Affairs takes the final decision…
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