In the context of Indian agriculture, the term 'Minimum Support Price' is recommended by:
A. Commission for Agricultural Costs and Prices
B. Reserve Bank of India
C. NITI Aayog
D. Food Corporation of India
Answer: Option A
Solution (By JKSSB Mock Tests)
The Commission for Agricultural Costs and Prices (CACP) recommends Minimum Support Prices for various crops, which are then approved by the government.
Explanation:
A central-bank digital currency is a digital payment instrument denominated in the national unit of account that is a direct liability of the central bank, distinct from both physical cash and commercial-bank deposits.
Explanation:
Under a managed float, the exchange rate is primarily determined by market forces, but the central bank intervenes from time to time to prevent excessive volatility or disorderly movements.
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