CACP plays a key role in handling market inefficiencies. Which of the following is not true about CACP?
The claim that the Government must accept CACP recommendations without any change is incorrect. CACP recommends support prices, while the Government makes the final pricing…
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CACP plays a key role in handling market inefficiencies. Which of the following is not true about CACP?
Answer and explanation
Correct answer D
The claim that the Government must accept CACP recommendations without any change is incorrect. CACP recommends support prices, while the Government makes the final pricing decision; its recommendations are not binding.
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Kerala SET (LBS Centre)