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.
Useful Quotations for : UPSC, State PSC, IBPS, SSC, Railway, NDA, Police Exams
Like The Facebook Page CurrentGK for Current Affairs, Latest GK & Employment News
Tags : Agriculture, Expenditure, Income, Industry Policies & Importance
Always Ask Questions