The Government offer minimum assured price to the farmers to purchase their output is called:

CA Foundation · Business Economics · MTP · April 2025
The Government offer minimum assured price to the farmers to purchase their output is called:
(A) A. market Price
(B) B. support Price
(C) C. equilibrium Price
(D) D. ceiling Price

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. support Price

Topics: Nature & Scope of Business Economics

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