Question :

What is the new MSP for Cotton Crop (long staple) in Market Season 2022-23?

A) 6560
B) 6380
C) 6000
D) 5600

Answer : B

Description :

The Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister Narendra Modi on June 8, 2022 approved an increase in the Minimum Support Prices (MSP) for all major Kharif Crops in India for Marketing Season 2022-23. The MSP for Cotton (medium staple) has been increased from 5726 to 6080 and MSP for Cotton (Long Staple) has been increased from 6025 to 6380 in Kharif Crop 2021-22 season. 

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