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Economics · 2023 · 1 mark
CBSE 2023 · Region 1 · Set 1 · Q19
(A) Read the following statements carefully: Statement 1: The purchase of food grains made by the Government on the Minimum Support Price (MSP) is…
Read the following statements carefully :Statement $\displaystyle 1$ : The purchase of food grains made by the Government on the Minimum Support Price (MSP) is maintained as buffer stock.Statement $\displaystyle 2$ : Minimum Support Price safeguards the farmers against any sharp fall in farm product prices.In light of the given statements, choose the correct alternative from the following :
Identify the incorrect statement from the following :
Official answer
(A) → (C)
(B) → (C)
Marking-scheme solution
Branch (A) : (C) Both Statements $\displaystyle 1$ and $\displaystyle 2$ are true.
OR
Branch (B) : (C) Russian economic model was the base for the Indian economic system.
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CBSE Class 12 Economics past-paper question from the 2023 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.