Consider the following statements: In the case of all cereals, pulses and oil-seeds, the procurement at Minimum Support Price (MSP) is unlimited in any State/UT of India. In the case of cereals and pulses, the MSP is fixed in any State/UT at a level to which the market price will never rise. Which of the statements given above is/are correct? - Neyyar App | A New Age Marketplace for Global Education

Consider the following statements:

In the case of all cereals, pulses and oil-seeds, the procurement at Minimum Support Price (MSP) is unlimited in any State/UT of India.
In the case of cereals and pulses, the MSP is fixed in any State/UT at a level to which the market price will never rise.

Which of the statements given above is/are correct?

[UPSC Civil Services Exam – 2020 Prelims]

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

Answer: (d)

Explanation:

While procurement is open-ended, it is not unlimited since our buffer stock is limited. Hence statement 1 is incorrect.
Market price has no link with Minimum Support Prices and it can go below or above of MSP depends upon the demand of crop in the market, hence statement 2 is incorrect.

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Tenth Schedule of Constitution of India: Important Question

The provisions in Fifth Schedule and Sixth Schedule in the Constitution of India are made in order to

Under which Schedule of the Constitution of India can the transfer of tribal land to private parties for mining be declared null and void?

The Ninth Schedule was introduced in the Constitution of India during the prime ministership of

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