UPSC Prelims 2015·GS1·economy·economic sectors and development

The Fair and Remunerative Price (FRP) of sugarcane is approved by the

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Last updated 23 May 2026, 3:31 pm IST
  1. ACabinet Committee on Economic AffairsCorrect
  2. BCommission for Agricultural Costs and Prices
  3. CDirectorate of Marketing and Inspection, Ministry of Agriculture
  4. DAgricultural Produce Market Committee

Explanation

The Fair and Remunerative Price (FRP) of sugarcane is the minimum price that sugar mills are legally obligated to pay to sugarcane farmers. This price is approved by the Cabinet Committee on Economic Affairs (CCEA), which is a key decision-making body of the Government of India. The CCEA's decision is typically based on the recommendations provided by the Commission for Agricultural Costs and Prices (CACP), which advises the government on minimum support prices (MSPs) and FRPs for various agricultural commodities. However, the final approval authority rests with the CCEA.
economy: The Fair and Remunerative Price (FRP) of sugarcane is approved by the

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