In the context of Indian agriculture, the term 'Minimum Support Price' is recommended by:
A. Reserve Bank of India
B. NITI Aayog
C. Commission for Agricultural Costs and Prices
D. Food Corporation of India
Answer: Option C
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:
First-generation speculative-attack models show that an inconsistent policy mix (e.g., persistent money-financed deficits under a fixed exchange rate) leads to a sudden attack that exhausts reserves and forces abandonment of the peg.
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