Minimum Support Price MCQ — 1 Practice Questions with Answers

Minimum Support Price is a Indian Economy topic in the RAS/RPSC syllabus. This page gathers exam-style Minimum Support Price multiple-choice questions with correct answers and explanations, so aspirants can test recall and revise frequently examined concepts.

Practice 1 Minimum Support Price multiple-choice questions with detailed answers and explanations. Ideal for RAS/RPSC exam preparation.

1 Questions Indian Economy

Reviewed by: Aspirant Academy Editorial Team

Q1. Consider the following statements regarding the Minimum Support Prices (MSP) approved by the Cabinet Committee on Economic Affairs on 13 May 2026 for the Kharif Marketing Season 2026-27: 1. The CCEA approved higher MSPs for 14 Kharif crops for the marketing season 2026-27. 2. The MSP for common paddy was hiked by Rs 72 to Rs 2,441 per quintal. 3. The steepest absolute hike was Rs 622 announced for sunflower seed. Which of the statements given above are correct?

A 1 and 2 only

B 2 and 3 only

C 1 and 3 only

D 1, 2 and 3 Correct

Explanation

All three statements are correct. On 13 May 2026, the CCEA approved higher MSPs for 14 Kharif crops for marketing season 2026-27. The MSP for common paddy was raised by Rs 72 to Rs 2,441 per quintal, and the steepest absolute hike of Rs 622 was announced for sunflower seed. MSPs are recommended by the Commission for Agricultural Costs and Prices (CACP) and approved by the CCEA.

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Minimum Support Price falls under the Indian Economy section of the RAS/RPSC syllabus. It is a frequently tested area and regular practice with these MCQs will strengthen your preparation.

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