What is the MSP (Minimum Support Price) of wheat for 2018-19 ?

Question

Accepted Answer

The correct option is 2:
The Minimum Support Price (MSP) is the price at which the government purchases crops from farmers, ensuring a minimum profit margin. For the Rabi marketing season of 2019-20 (based on the 2018-19 harvest), the Government of India had announced an increase in the MSP for wheat, raising it to ₹1,840 per quintal. This decision was taken as part of the commitment to ensure farmers receive at least a 50 percent return over their cost of production. The MSP is an important government intervention designed to protect farmers from sharp price drops and distress sales.

The incorrect option is 1:
The price of ₹1,560 per quintal was the MSP for wheat for the 2016-17 marketing season, which is not the year specified in the question. MSPs are reviewed and generally revised upwards each year to account for inflation and increasing costs of cultivation.

The incorrect option is 3:
The price of ₹1,980 per quintal was the MSP for wheat announced later for the 2020-21 marketing season (based on the 2019-20 harvest). This price is relevant for a different period than the one requested (2018-19).

The incorrect option is 4:
The price of ₹1,730 per quintal was the MSP for wheat for the 2017-18 marketing season. While chronologically close, this figure is lower than and incorrect for the 2018-19 period. The MSP for each crop and year is a specific, officially set figure.