GS PrelimsAgricultureMinimum Support Price (MSP)2015
The Fair and Remunerative Price (FRP) of sugarcane is approved by the
A
Cabinet Committee on Economic Affairs
B
Commission for Agricultural Costs and Prices
C
Directorate of Marketing and Inspection, Ministry of Agriculture
D
Agricultural Produce Market Committee
Correct Answer: Option A
Explanation
1. The Fair and Remunerative Price (FRP) is the minimum price that sugar mills must pay to farmers for sugarcane.
2. The FRP is fixed by the Union Government based on the recommendations of the Commission for Agricultural Costs and Prices (CACP).
3. However, the authority that finally *approves* the FRP is the Cabinet Committee on Economic Affairs (CCEA).
4. Therefore, the correct answer is (A).
5. The Commission for Agricultural Costs and Prices (CACP) is an advisory body that recommends MSPs and FRPs, but it does not approve them. So, (B) is incorrect.
6. The Directorate of Marketing and Inspection, Ministry of Agriculture, deals with agricultural marketing policies, standards, and grading, not price fixation. So, (C) is incorrect.
7. Agricultural Produce Market Committees (APMCs) are state-level bodies that regulate agricultural markets (mandis), not the central body approving national minimum prices like FRP. So, (D) is incorrect.