The Agricultural Price Commission was set up in the year

Correct option is B

The Agricultural Price Commission (APC) was established in the year 1965 to advise the government on agricultural price policy. Its main objective was to ensure remunerative prices to farmers while maintaining stability in food prices for consumers. Later, the Agricultural Price Commission was renamed as the Commission for Agricultural Costs and Prices (CACP).
Information booster: The commission recommends Minimum Support Prices (MSP) for major agricultural commodities every year. It considers factors such as cost of cultivation, market demand, supply conditions, and farmers’ welfare.
Why other options are incorrect: (a) 1955 is incorrect because the commission had not been constituted during that period. (c) 1970 is incorrect as the commission was already functioning by then. (d) 1975 does not correspond to the year of establishment of the APC.