UPSC Prelims Practice Questions — Centre increases MSP for jute by ₹275 per quintal

Question 1

Which one of the following is the designated central nodal agency for undertaking price support procurement operations of raw jute at the Minimum Support Price?

Accepted Answer

Jute Corporation of India (JCI)

Answer

National Agricultural Cooperative Marketing Federation of India (NAFED)

Answer

Food Corporation of India (FCI)

Answer

National Jute Board (NJB)

Question 2

In the context of the Centre's MSP announcement for raw jute for 2026-27, the term 'TD-3' refers to:

Accepted Answer

The reference fibre grade of raw jute on which the Minimum Support Price is fixed

Answer

A statutory packaging quality standard prescribed under the Jute Packaging Materials Act, 1987

Answer

A cost-of-production concept used by CACP alongside A2, A2+FL and C2

Answer

A regional jute mandi cluster covering parts of West Bengal and Assam

Question 3

By approximately how many times has the Minimum Support Price of raw jute risen from the 2014-15 season to the 2026-27 season as announced by the Cabinet Committee on Economic Affairs?

Accepted Answer

About 2.5 times

Answer

About 1.5 times

Answer

About 2.0 times

Answer

About 3.5 times

UPSC Prelims Practice Questions — Centre increases MSP for jute by ₹275 per quintal

Q1. Which one of the following is the designated central nodal agency for undertaking price support procurement operations of raw jute at the Minimum Support Price?

Q2. In the context of the Centre's MSP announcement for raw jute for 2026-27, the term 'TD-3' refers to:

Q3. By approximately how many times has the Minimum Support Price of raw jute risen from the 2014-15 season to the 2026-27 season as announced by the Cabinet Committee on Economic Affairs?