Which of the following factors/policies were affecting the price of rice in India in the recent past? 1. Minimum Support Price 2. Governments trading 3. Governments stockpiling 4. Consumer subsidies Select the correct answer using the code given below:

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Q: (IAS/2020)

Which of the following factors/policies were affecting the price of rice in India in the recent past?
1. Minimum Support Price
2. Government’s trading
3. Government’s stockpiling
4. Consumer subsidies

Select the correct answer using the code given below:

question_subject: 

Economics

question_exam: 

IAS

stats: 

0,122,45,11,22,12,122

keywords: 

{'rice': [0, 0, 0, 4], 'consumer subsidies': [0, 0, 0, 1], 'factors': [0, 0, 1, 0], 'india': [8, 1, 7, 13], 'policies': [1, 1, 1, 7], 'minimum support price': [0, 0, 0, 3]}

The correct answer is d.

All the factors/policies mentioned have been affecting the price of rice in India in recent times. The Minimum Support Price (MSP) is the price at which the government purchases crops from farmers. The government’s trading and stockpiling policies also have an impact on rice prices. When the government procures rice from the market and maintains large stockpiles, it can lead to a decrease in prices. Similarly, when the government releases stockpiles into the market, it can lead to a decrease in prices. Consumer subsidies also have an impact on prices since they can reduce demand and thus prices.