PART A- CACP

Question 1

What is the full form of CACP

Answer 1

Commission of Agricultural Cost and Prices

Question 2

Which agency take the final decision on the MSP

Answer 2

Cabinet committee on Economic Affairs (CCEA) of the union government

Question 3

What was the recommendation of M S Swaminathan Committee on MSP

Answer 3

C₂ + 50%

Question 4

What was the recommendation of Ramesh Chand Committee (RCC) on MSP

Answer 4

C₂ + 10%

Question 5

MSP Formula of Government is

Answer 5

1.5 times amount A₂ + FL

Question 6

What is

A1

A2

B1

B2

C1

C2

Answer 6

A1 - All actual expenses in cash

A2 - A1 + Rent paid for lease in Land

B1 - A1 + Interest on the value of an owned capital assets

B2 - B1 + Rental value of owned land and rent paid for leased land

C1 - B1 + The Credited value of Family Labour

C2 - B2 + The credited value with the value of Family Labour