AI-generated practice question — model-generated for extra practice, not a previous-year CBSE board question.
The government announces minimum support price (MSP), remunerative prices, and procurement prices for important crops. These price mechanisms ensure that farmers receive a fair price for their produce and are protected from exploitation by speculators and middlemen.
Source: Technological and Institutional Reforms, Chapter 4
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The exact phrase from the textbook is key here: "The government also announces minimum support price, remunerative and procurement prices for important crops to check the exploitation of farmers by speculators and middlemen." Examiners expect you to name all three price types — MSP, remunerative prices, and procurement prices — and state their purpose. Missing any one of these may cost you half a mark.