Consider the following statements 1. In the case of all cereals, pulses and oil-seeds, the procurement at Minimum Support Price (MSP) is unlimited in any State/UT of India. 2. In the case of cereals and pulses, the MSP is fixed in any State/UT at a level

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Q: (IAS/2020)
Consider the following statements
1. In the case of all cereals, pulses and oil-seeds, the procurement at Minimum Support Price (MSP) is unlimited in any State/UT of India.
2. In the case of cereals and pulses, the MSP is fixed in any State/UT at a level to which the market price will never rise.

Which of the statements given above is/are correct?
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question_subject: 

Economics

question_exam: 

IAS

stats: 

0,186,108,45,39,24,186

keywords: 

{'minimum support price': [0, 0, 0, 3], 'msp': [0, 0, 0, 1], 'market price': [0, 0, 0, 2], 'procurement': [0, 0, 4, 2], 'india': [8, 1, 7, 13], 'ut': [2, 0, 1, 2]}