Which of the following statements is/are correct about the Market Intervention Scheme (MIS)? 1. It is similar to MSP, which is implemented on the request of state governments for procurement of perishable and horticultural commodities in the event of fall in market prices. 2. The scheme is implemented when there is at least 10 per cent increase in production or 10 per cent decrease in the ruling rates over the previous normal year. 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 statements is/are correct about the Market Intervention Scheme (MIS)? 1. It is similar to MSP, which is implemented on the request of state governments for procurement of perishable and horticultural commodities in the event of fall in market prices. 2. ...

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A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

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