Question

What does CACP stand for?
A. Commission of agriculture costs and prices
B. Commission of atomic costs and prices
C. Commission of costs and prices
D. Commission of advertising chemical products

Answer 1

Hint: Agriculture is a very important sector in our country. It includes cultivation of various varieties of plants which are mostly food items. It also includes cultivation of other products such as dyes, medicinal plants, rubber, gum etc. In India 75% of the population depends on agriculture for their livelihood. This sector provides jobs to a lot of people in our country and also ensures product availability to the population.

Complete answer:
CACP stands for the commission of agricultural costs and prices. It comes under the ministry of agriculture and farmer welfare. This committee includes a chairman, a secretary, one official member and two non official members (representative of the community of the farmers). This committee ensures that the cultivators are provided with the minimum support prices (MSPs) as incentives which may help them to practice modern technology and increase productivity and overall increase the crop yields. It recommends stable prices to agree cultural products. They also help the farmers with the unstable and undue losses in the crop yields and provide an opportunity for them to use the best available technology and increase their productivity efficiently. The minimum support price is fixed by the government every year after consulting the commission of agricultural costs and prices.
The commission recommends the government about the price policy and submit the report each year for different groups of crops like kharif crop, rabi crop, sugarcane, jute. The commission prepared a proper questionnaire and contacted all the state governments and several organisations and ministries to see their opinions. A meeting is conducted with the farmers of different states, state governments and Central ministries. CACP also visits these States for analysing various difficulties that farmers face while marketing their products or enhancing their productivity. Based on all these factors, the CACP then concludes with a report and then finally submits it to the government. The government sends this report to the state government. The cabinet committee on economic affairs (CCEA) then receives feedback from the union government and takes the final decision on the level of MSP.

So, the correct answer is option A. commission of agricultural costs and prices.

Note:
The major role of commission for agricultural cost and prices is to recommend the minimum support prices to the government by analysing the production cost, productivity and other criterias by consulting the farmers and the state governments. They play a major role in providing the best environment for agriculture, production and the welfare of the farmer.