Question

The Kerala government announced a guaranteed base price for 16 varieties of vegetables, which is a pioneering step in India. This base price is fixed at:

• A. All of the above
• B. Production cost minus 10%
• C. 20% above the production cost.
• D. Average market price of the previous year

Answer 1

Answer:

C. 20% above the production cost.

• Kerala was the first state in India to fix a minimum base price for vegetables (20% above the production cost) to ensure a stable income for farmers and prevent distress sales.