The Minimum Support Price for food grains was introduced in the year

(A) 1944
(B) 1964
(C) 1974
(D) 1954

Correct Answer : 1974
Question Asked : SSC CGL Tier-I (Re-Exam-2013) 2014
Explanation : The National Development Council recognized the need for fixing minimum support price of foodgrains in 1959. However, till the mid 1973-74, Government announced two types of administered prices : Minimum Support Prices and Procurement Prices. The present system was evolved in 1975-76 when MSP for paddy, coarse cereals, wheat and gram were announced.
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