Minimum Support Price (MSP) is fixed by the Government of India at __________ of the cost of production.

CA Foundation · Business Economics · PYQS · January 2025
Minimum Support Price (MSP) is fixed by the Government of India at __________ of the cost of production.
(A) A. Two and a half times
(B) B. Half
(C) C. One and a half time
(D) D. Twice

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. One and a half time

Topics: Theory of Production and Cost

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