What does "Minimum Support Price" (MSP) refer to in the context of FCI?

A. The price set by FCI for food grains to guarantee fair compensation for farmers
B. The price at which FCI sells food grains to consumers
C. The price of imported food grains
D. The market price of crops

Explanation:

MSP is the price at which FCI buys food grains from farmers to ensure fair compensation, especially in times of market fluctuations.

Tags: FCI Manager MCQs, Other Government