Question
Download Solution PDFWhich of the following bodies recommends minimum support price for crops?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is CACP.
Key Points
- The full form of CACP is The Commission for Agricultural Cost and Prices.
- It is a decentralized agency and the advisory body to the Ministry of Agriculture & Farmers Welfare of the Government of India.
Important Points
- It was established in 1965 as the Agricultural Prices Commission and was renamed with the present name in 1985.
- CACP recommends Minimum Supporting Price to Cabinet Committee on Economic Affairs (CCEA) which is not binding on it.
Additional Information
- NITI Ayog
- It is a public policy think tank of the Government of India.
- It is established with the aim to achieve sustainable development goals with cooperative federalism by fostering the involvement of State Governments of India in the economic policy-making process.
- NABARD
- It stands for National Bank for Agriculture and Rural Development.
- It is an apex regulatory body for the overall regulation of regional rural banks and apex cooperative banks in India.
- It comes under the jurisdiction of the Ministry of Finance, Government of India.
- FCI
- The FCI stands for The Food Corporation of India.
- It is a statutory body created and run by the Government of India.
- It comes under the jurisdiction of the Ministry of Consumer Affairs, Food and Public Distribution.
Last updated on Jun 11, 2025
-> RRB NTPC 2025 Exam Postponed. Railway Recruitment Board has rescheduled the RRB NTPC Exam for June 5, 2025 (Shift 3).
-> RRB NTPC Exam Analysis 2025 is LIVE now. All the candidates appearing for the RRB NTPC Exam 2025 can check the complete exam analysis to strategize their preparation accordingly.
-> The UPSC Prelims Result 2025 and UPSC IFS Result 2025 has been released @upsc.gov.in
-> The RRB NTPC Admit Card 2025 has been released on its official website.
-> Candidates who will appear for the RRB NTPC Exam can check their RRB NTPC Time Table 2025 from here.
-> The RRB NTPC CBT 1 Exam is scheduled from 5th June to 24th June 2025 as per the revised tentative exam schedule.
-> The RRB NTPC 2025 Notification has been released for a total of 11558 vacancies.
-> A total of 3445 Vacancies have been announced for Undergraduate posts like Commercial Cum Ticket Clerk, Accounts Clerk Cum Typist, Junior Clerk cum Typist & Trains Clerk.
-> A total of 8114 vacancies are announced for Graduate-level posts in the Non-Technical Popular Categories (NTPC) such as Junior Clerk cum Typist, Accounts Clerk cum Typist, Station Master, etc.
-> Prepare for the exam using RRB NTPC Previous Year Papers.
-> Check out the Rajasthan PTET Admit Card 2025 and UPSC Prelims Result Date 2025 here.