Correct option is A
The correct answer is:(A) Agricultural Prices Commission
Explanation:
Before 1980, the Commission for Agricultural Costs and Prices (CACP)was known as the Agricultural Prices Commission.
Before 1980, the Commission for Agricultural Costs and Prices (CACP)was known as the Agricultural Prices Commission.
It was established in 1965 by the Government of India to recommend minimum support prices (MSPs)and ensure remunerative prices to farmers while maintaining price stability for consumers.
Important Points:
Renamed to CACP: In 1980, to emphasize costs along with prices
Main Role: Recommends MSPs for various crops based on cost of production and other factors
Functions under the Ministry of Agriculture and Farmers Welfare
Knowledge Booster:
Commission for Farming Prices and Costs: This is anon-existent name and was never used officially.
Farming Costs and Prices Commission: Though it sounds similar, this was never the official title of the commission.
Support Price Commission: This term refers to the function of recommending MSPs.
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