Which price does the government declare in support of crops?

Correct option is A

The correct answer is (a) Minimum Support Price

Explanation:
• The Minimum Support Price (MSP) is a price declared by the government to ensure that farmers get a minimum guaranteed price for their crops.
• MSP is announced by the government at the beginning of each cropping season for various crops to protect farmers from price fluctuations and to prevent distress selling.
• If the market price of the crop falls below the MSP, the government procures the crop at the MSP to support the farmer's income.

Information Booster:
• MSP is essential for stabilizing the agricultural economy and ensuring food security for the country.
• It applies to staple crops such as rice, wheat, pulses, and various other crops grown in India.

Additional Knowledge:
(b) Maximum support price
• There is no concept of a "Maximum Support Price" in agricultural policy; the focus is on protecting farmers with a Minimum Support Price.

(c) Cash support price
• Cash support is not a standard term used in government policies related to crop price support.

(d) Medium support price
• This term does not exist in the context of government agricultural price support. The term used is Minimum Support Price (MSP).