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Agriculture · Q148

Agricultural Economics

Graduate and Post Graduate · Agriculture · question 148

Q148

What is "support price" for an agriculture commodity

A.
Subsidy paid by the government over the price already available in the market
B.
The floor price below which it cannot be sold
C.
The minimum price at which the government is prepared to buy it
Answer
D.
Money paid to agriculturists for case of drought damaging their crops

Answer: Option C

Solution

Answer: Option C
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