UPSC Prelims 2018·GS1·economy·economic sectors and development

Consider the following: 1. Areca nut 2. Barley 3. Coffee 4. Finger millet 5. Groundnut 6. Sesamum 7. Turmeric The Cabinet Committee on Economic Affairs has announced the Minimum Support Price for which of the above?

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Last updated 23 May 2026, 3:31 pm IST
  1. A1, 2, 3 and 7 only
  2. B2, 4, 5 and 6 onlyCorrect
  3. C1, 3, 4, 5 and 6 only
  4. D1, 2, 3, 4, 5, 6 and 7

Explanation

The Cabinet Committee on Economic Affairs (CCEA) announces the Minimum Support Price (MSP) for 22 mandated crops and the Fair and Remunerative Price (FRP) for sugarcane. The 22 crops include various cereals, pulses, oilseeds, and commercial crops. Let's check the given items against the list of crops for which MSP is declared: 1. Areca nut: MSP is not declared for Areca nut. 2. Barley: Yes, Barley is one of the seven cereals for which MSP is declared. 3. Coffee: MSP is not declared for Coffee. Coffee prices are largely determined by market forces and international prices, though there are other support mechanisms. 4. Finger millet (Ragi): Yes, Finger millet (Ragi) is one of the seven cereals for which MSP is declared. 5. Groundnut: Yes, Groundnut is one of the seven oilseeds for which MSP is declared. 6. Sesamum: Yes, Sesamum is one of the seven oilseeds for which MSP is declared. 7. Turmeric: MSP is not declared for Turmeric. Therefore, the crops for which MSP is announced among the given options are Barley, Finger millet, Groundnut, and Sesamum.
economy: Consider the following: 1. Areca nut 2. Barley 3. Coffee 4. Finger millet 5. Groundnut 6. Sesamum 7. Turmeric The Cabine
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