The price at which the government agrees to buy farm produce, guaranteeing minimum income, is the:
AImport duty
BSale tariff
CSupport price
DMarket price
Answer & Solution
Correct answer: C. Support price
1. Subsidies lower input costs.
2. Support prices guarantee farmer income.
3. Liberalisation reduces both.
_Source: NCERT Class 12 Indian Society, Chapter 4, The Market as a Social Institution._
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