NextQ121

Read the following statements carefully : Statement 1 : The purchase of food grains made by the Government on the Minimum Support Price (MSP) is maintained as buffer stock. Statement 2 : Minimum Support Price safeguards the farmers against any sharp fall in farm product prices. In light of the given statements, choose the correct alternative from the following :

Question 120

Which of the following was a drawback of protection from foreign competition?

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