How is Administrative Price Mechanism (APM) different from Minimum Sup – InterviewSolution

1.

How is Administrative Price Mechanism (APM) different from Minimum Support Price (MSP)?

Answer»

Administrative Price Mechanism	Minimum Support Price
1. Under APM, a price is fixed and it is mandatory for the traders to sell their goods at that price level in the market.	1. A minimum support price is a price at which the farmers can sell their grain to the government.
2. It is compulsory for traders to follow the APM.	2. It is not compulsory for farmers to sell their goods at MSP
3. It helps in preventing hoarding and keeps the prices of essential commo‐ dities within reasonable levels.	3. It helps the farmers to gain their of cost cultivation plus a minimum profit on the production

Discussion

No Comment Found

Related InterviewSolutions

What were the two main occupations of the Rig Vedic Aryans?
Name the two political institutions which exercised check on the powers of the King in the Rig Vedic period.
What w’as the position of women in the Rig Vedic age ?
Describe the social life of the Rig Vedic Aryans with reference to the following: (a) The Family Structure (b) Position of Women (c) Varna System
With reference to the following explain the main features of the Rig Vedic Economy: (a) Agriculture (b) Domestication of Animals (c) Trade Transactions, Crafts and Transportation
Mention any two archaeological sources to reconstruct the later Vedic Age.
Mention any two of the Ashrams in the life of a man in Aryan society.
What information do we gather from the later Vedic literature in respect of: (a) Spread of Vedic Civilization to many New Regions. (b) Role of Iron in later Vedic Economy.
Mention briefly the rituals and sacrifices of the later Vedic Aryans?
What is the message of the Bhagavad Gita?