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
D. Money paid to agriculturists for case of drought damaging their crops
Answer: Option C
Related Questions on Agricultural Economics
Cost calculated for per hectare is known as
A. Cost of cultivation
B. Cost of production
C. Cost of farming
D. Fixed cost
The gross agricultural area in Rajasthan during 2011 was
A. 193.10 lakh hectares
B. 183.49 lakh hectares
C. 193.20 lakh hectares
D. 194.33 lakh hectares
A. Economic holding
B. Basic holding
C. Optimum holding
D. None of the above
Join The Discussion