Agricultural Pricing MCQ — 2 Practice Questions with Answers

Practice 2 Agricultural Pricing multiple-choice questions with detailed answers and explanations. Ideal for RAS/RPSC exam preparation.

2 Questions Indian Economy

Q1. With reference to the Minimum Support Price mechanism in India, consider the following statements: 1. MSP recommendations for kharif and rabi crops are made by the Commission for Agricultural Costs and Prices (CACP). 2. The Union Budget 2018-19 set the principle that MSP shall be at least double the all-India weighted average cost of production. Which of the statements given above is/are correct?

A Both 1 and 2

B 1 only Correct

C 2 only

D Neither 1 nor 2

Explanation

Statement 1 is correct: CACP, an attached office of the Ministry of Agriculture, recommends MSPs. Statement 2 is incorrect: the 2018-19 Budget set MSP at at least 1.5 times (not double) the all-India weighted average cost of production.

Q2. Consider the following statements regarding the Minimum Support Prices for Kharif crops for marketing season 2026-27 approved by the Cabinet on 13 May 2026:\n1. The MSP for common paddy was raised by Rs 72 to Rs 2,441 per quintal.\n2. Sunflower seed received the highest absolute hike of Rs 622 per quintal among all kharif crops.\nWhich of the statements given above is/are correct?

A Both 1 and 2 Correct

B 1 only

C 2 only

D Neither 1 nor 2

Explanation

Both statements are correct. The CCEA on 13 May 2026 raised common paddy MSP by Rs 72 to Rs 2,441 per quintal and approved the steepest absolute hike of Rs 622 for sunflower seed taking it to Rs 8,343 per quintal.

You've seen 2 of 2 questions

Frequently Asked Questions

How many Agricultural Pricing MCQ questions are available?

There are 2 Agricultural Pricing practice MCQs available on Aspirant Academy, with detailed answers and explanations for each question.

Are answers and explanations provided for Agricultural Pricing MCQs?

Yes, every Agricultural Pricing question comes with the correct answer and a detailed explanation to help you understand the underlying concept.

How is Agricultural Pricing relevant to the RAS/RPSC exam?

Agricultural Pricing 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.

Can I practice Agricultural Pricing questions in Hindi?

Yes, Aspirant Academy offers bilingual support. You can practice Agricultural Pricing MCQs in both English and Hindi, including questions, options, and explanations.

Explore Other Subjects

child-development-pedagogy Rajasthan History, Art & Culture Indian Constitution & Governance Current Affairs Science & Technology Indian History (Ancient & Medieval) social-studies Environment & Ecology

Ready to practice all 2 questions?

Create a free account to access all Agricultural Pricing MCQs, get detailed explanations, and track your progress across every subject.

Browse all subjects

Agricultural Pricing MCQ — 2 Practice Questions with Answers

Practice Questions

You've seen 2 of 2 questions

Frequently Asked Questions

More Topics in Indian Economy

Monetary & Fiscal Policy

Economic Growth & Sustainable Development

Industrial Growth & Economic Reforms

Service Sector, Energy & Transport

Agricultural Development

Skill Development & Social Justice

Measurement of Development & HDI

Fiscal Federalism & Finance Commission

Agricultural Marketing

NITI Aayog Trade Watch Quarterly

External Sector

Production Linked Incentive

Credit Guarantee

Insurance & Maritime Trade

Mining Sector Reform

Energy Security

Atal Pension Yojana

Mining

Payment Systems

Infrastructure

International Organizations

Financial Markets

Inflation and Growth

Statistical System of India

Startup Ecosystem

Fertiliser Security

Transport Infrastructure

Trade Agreements

Agriculture Markets

SEBI and Capital Markets

Energy

Gender Statistics

RoDTEP Scheme

Customs Tariff

Centralised Payment System

GST Administration

Agricultural Procurement

Textile Exports

Social Security Schemes

Direct Taxes

Power and Energy Demand

Electronic Toll Collection

Digital Governance

Digital Payments

Free Trade Agreements

Startup India Funding

GDP and Growth Forecasts

Macroeconomic Indicators

Public Finance

Industrial Policy

Labour Force Participation

Merchandise Trade Composition

Energy Demand

Venture Capital

Inflation Statistics

Rural Employment

Power Sector

Free Trade Agreement

Food Security

Foreign Trade and Balance of Payments

Energy Infrastructure

Highway Tolling

RoDTEP Export Scheme

Explore Other Subjects

Ready to practice all 2 questions?