Which of the following statement(s) is/are correct about the Market Intervention Price Scheme (MIS) which was in news recently? 1. MIS is a price support mechanism implemented on the request of State Governments for procurement of perishable and horticultural commodities in the event of a fall in market prices. 2. Market Intervention Scheme works in a similar fashion to Minimum Support Price based procurement mechanism for food grains, but is an adhoc mechanism. 3. Food Corporation of India(FCI) is the Nodal Agency for the procurement under the MIS. Select the correct answer using the codes given below: - Study24x7
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UPSC & State PSC
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Which of the following statement(s) is/are correct about the Market Intervention Price Scheme (MIS) which was in news recently? 1. MIS is a price support mechanism implemented on the request of State Governments for procurement of perishable and horticultural commodities in the...

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A

1 and 2 only

B

1 and 3 only

C

2 and 3 only

D

1, 2 and 3

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