The main reason for the increase in MSP for crops is:
A. To increase exports
B. To ensure remunerative prices to farmers
C. To check inflation
D. To reduce imports
Answer: Option B
Solution (By JKExamLibrary)
MSP is increased to ensure that farmers get a minimum profit and to encourage production of essential crops, protecting them from market price crashes.
Explanation:
Rainfed agriculture is highly vulnerable to erratic rainfall patterns, causing droughts or floods, which affects yields and farmer incomes.
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