Q: 63 (IAS/2015)
question_subject:
Economics
question_exam:
IAS
stats:
0,169,119,169,78,14,27
keywords:
{'sugarcane': [2, 2, 2, 7], 'agricultural produce marketing committee': [0, 0, 0, 1], 'agricultural costs': [0, 1, 0, 0], 'remunerative price': [0, 0, 0, 1], 'prices': [0, 5, 4, 14], 'agriculture': [5, 1, 0, 6], 'cabinet committee': [1, 0, 1, 4], 'commission': [0, 0, 2, 0]}
The Fair and Remunerative Price (FRP) of sugarcane in India is approved by the Cabinet Committee on Economic Affairs (CCEA). The FRP is determined by taking into consideration various factors such as the cost of production, input prices, and the overall economic situation in the sugar industry. The CCEA, which is a committee of the Cabinet, has the authority to approve the FRP and other related policy decisions regarding sugarcane pricing. Therefore, the correct answer is the Cabinet Committee on Economic Affairs.