Q. The prices at which the Government purchases food grains for maintaining the public distribution system and for building up buffer-stocks is known as? Answer:
minimum support prices
Notes: Minimum Support Price is the price at which government purchases crops from the farmers, whatever may be the price for the crops. Minimum Support Price is an important part of India's agricultural price policy. The MSP helps to incentivize the framers and thus ensures adequate food grains production in the country.