Which of the following are the objectives of the Commission for Agricultural Costs and Prices (CACP)?…
Agricultural price recommendations balance remunerative farmer income, price stability and consumer interests. Each pair omits one aspect of that balancing objective. CACP…
Choose your answer
Which of the following are the objectives of the Commission for Agricultural Costs and Prices (CACP)?
- (i) To ensure meaningful real income levels to the farmers
- (ii) To stabilise agricultural prices
- (iii) To protect the interest of the consumers
Answer and explanation
Correct answer D
Agricultural price recommendations balance remunerative farmer income, price stability and consumer interests. Each pair omits one aspect of that balancing objective. CACP recommends prices; it does not guarantee every outcome directly.
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UGC NET Economics