UPSC Previous Year Question | Prelims GS | 2020

Which of the following factors/policies were affecting the price of rice in India in the recent past? 1. Minimum Support Price 2. Government's trading 3. Government's stockpiling 4. Consumer subsidies

  1. 1, 2 and 4 only
  2. 1, 3 and 4 only
  3. 2 and 3 only
  4. 1, 2, 3 and 4

Answer

Correct Answer

1, 2, 3 and 4

Explanation

MSP-based procurement, government trading and open-market sales, buffer stocking, and subsidised supply through the PDS all influence the market price of rice.

Topics: agricultural pricing & food management, agriculture & rural development, buffer stock & subsidies, economy, procurement, rice price - msp