What type of products, does CACP recommend minimum support price for? (1) Industrial products (2) Agricultural products (3) Pharmaceutical products (4) None of the above

What type of products, does CACP recommend minimum support price for? (1) Industrial products (2) Agricultural products (3) Pharmaceutical products (4) None of the above
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(2) Agricultural products Explanation: The Agricultural Prices Commission was set up in January. 1965 to advise the Government on price policy of major agricultural commodities. Since March 1985, the Commission has been known as Commission for Agricultural Costs and Prices (CACP). The minimum support prices (MSP) for major agricultural products are fixed by the government. each year, after taking into account the recommendations of CACP.
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