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The pre-announced price at which FCI buys grain from farmers is the:

AOpen Market Price
BFair Shop Price
CMinimum Support Price
DCentral Issue Price
Answer & Solution
Correct answer: C. Minimum Support Price
1. It is declared before the sowing season. 2. It is the Minimum Support Price. 3. It gives farmers an incentive to produce. _Source: syllabus Economics, Chapter 4, Food Security in India._
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