A) 1944
B) 1964
C) 1974
D) 1954
Correct Answer: C
Solution :
The National Development Council recognized the need for fixing minimum support price of foodgrains in 1959. However, till the mid 1973-74. Government announced two types of administered prices: Minimum Support Prices and Procurement Prices. The present system was evolved in 1975-76 when MSP for paddy. coarse cereals, wheat and gram were announced.You need to login to perform this action.
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