minimum support price
/ˌmɪnɪməm səˈpɔːt praɪs/noun
उच्चारण मिनिमम सपॉर्ट प्राइस
न्यूनतम समर्थन मूल्य
Advanced word
noun
- 1
[C] Indian English
a price fixed by the government at which it promises to buy certain crops from farmers, so that farmers are protected if market prices fall
न्यूनतम समर्थन मूल्य
- The government raised the minimum support price for wheat.
- Farmers demanded a legal guarantee of the minimum support price.
§Grammar and usage
Usage: it is commonly called MSP.
Usage में इसे आम तौर पर MSP कहा जाता है।
✓In the exam
General knowledge
The minimum support price is announced by the Government of India on the recommendation of the Commission for Agricultural Costs and Prices.
न्यूनतम समर्थन मूल्य की घोषणा भारत सरकार कृषि लागत एवं मूल्य आयोग (Commission for Agricultural Costs and Prices) की सिफ़ारिश पर करती है।