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Regarding the new MSP of Paddy declared by the Government in July 2018, which of the following statements are correct? 1. MSP of Paddy (Common Grade) has been increased by Rs. 200/- per quintal and of Grade A variety by Rs. 160/- per quintal. 2. MSP of Paddy (Common Grade) has been increased by Rs. 160/- per quintal and of Grade A variety by Rs. 200/- per quintal. 3. The new MSP of Paddy (Common Grade) and Grade A variety is Rs. 1750/- per quintal. 4. The new MSP of Paddy (Common Grade) is Rs. 1750/- per quintal and of Grade A is Rs. 1770/- per quintal.

Regarding the new MSP of Paddy declared by the Government in July 2018, which of the following statements are correct? 1. MSP of Paddy (Common Grade) has been increased by Rs. 200/- per quintal and of Grade A variety by Rs. 160/- per quintal. 2. MSP of Paddy (Common Grade) has been increased by Rs. 160/- per quintal and of Grade A variety by Rs. 200/- per quintal. 3. The new MSP of Paddy (Common Grade) and Grade A variety is Rs. 1750/- per quintal. 4. The new MSP of Paddy (Common Grade) is Rs. 1750/- per quintal and of Grade A is Rs. 1770/- per quintal. Correct Answer 1 and 4 only

The correct answer is 1 and 4 only.

 Key Points

  • MSP of paddy (common) has been raised by Rs 200 per quintal, Grade A variety by Rs. 160/- per quintal. Hence Statement 1 is Correct.
  • The new MSP of Paddy (Common Grade) is Rs. 1750/- per quintal and of Grade A is Rs. 1770/- per quintal Hence Statement 4 is Correct.
  • Jowar (hybrid) by Rs 730 per quintal and ragi by Rs 997 per quintal.
  •  For pulses, apart from Moong, MSP of arhar (tur) has been raised by Rs 225 per quintal and urad by Rs 200 per quintal 
  • Similarly, the MSP of Bajra has been raised by Rs.525 per quintal.
  • The Commission for Agricultural Costs and Prices (CACP) has recommended MSPs for all Kharif crops broadly in line with the announced principle.

 Additional Information

  • MSP is a “minimum price” for any crop that the government considers as remunerative for farmers and hence deserving of “support”.
  • It is also the price that government agencies pay whenever they procure a particular crop.
  • The Commission for Agricultural Costs & Prices (CACP) recommends MSPs for 22 mandated crops and fair and remunerative price (FRP) for sugarcane.

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