Which of the following factors/policies were affecting the price of rice in India in the recent past? 1. Minimum Support Price 2. Government's trading 3. Government's stockpiling 4. Consumer subsidies. Select the correct answer using the code given below:
A.2 and 3 only
B.1, 2 and 4 only
C.1, 2, 3 and 4✓ Correct
D.1, 3 and 4 only
Explanation
All four factors—MSP, government trading (procurement), buffer stockpiling and consumer subsidies (PDS)—directly affect rice prices in India.
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