Government Pannel On MSP Flashcards

1
Q

The protesting farmers had demanded a legal guarantee on MSP, based on Swaminathan Commission’s ‘______% formula’.

A

C2+50% formula

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2
Q

C2 + 50% formula

A

government should raise the MSP to at least 50% more than the weighted average cost of production. It is also known as the C2+ 50% formula.

It includes the imputed cost of capital and the rent on the land (called ‘C2’) to give farmers 50% returns

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3
Q

The Commission for Agricultural Costs & Prices (CACP) recommends MSPs for _____ mandated crops and fair and remunerative price (FRP) for sugarcane.

A

22

The mandated crops include 14 crops of the kharif season, 6 rabi crops and 2 other commercial crops.

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4
Q

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 ________ (CACP).

A

Commission for Agricultural Costs and Prices

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5
Q

the government announces minimum support prices for how many crops.

A

23

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6
Q

More detail of 23 crops (optional)

A

7 types of cereals (paddy, wheat, maize, bajra, jowar, ragi and barley),
5 types of pulses (chana, arhar/tur, urad, moong and masur),
7 oilseeds (rapeseed-mustard, groundnut, soyabean, sunflower, sesamum, safflower, nigerseed),
4 commercial crops (cotton, sugarcane, copra, raw jute).

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