Which of the following statements is/are correct regarding the Minimum Support Price (MSP) framework for raw jute? 1. The MSP for raw jute is recommended by the Commission for Agricultural Costs and Prices (CACP). 2. The Jute Corporation of India (JCI) serves as the central nodal agency for undertaking price support operations for jute.

Question

Accepted Answer

C. Both 1 and 2 — Statement 1 is correct as the CACP recommends MSPs for 22 mandated agricultural crops, which includes raw jute. Statement 2 is also correct because the Jute Corporation of India (JCI) is the officially designated central agency responsible for market intervention and price support operations for jute.

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