Correct Answer: (a) The Commission for Agricultural Costs and Prices
Solution:The Commission for Agricultural Costs and Prices (CACP since 1985, earlier named as Agricultural Prices Commission) came into existence in January, 1965. It is mandated to recommend minimum support prices (MSPs) to incentivize the cultivators to adopt modern technology, and raise productivity and overall grain production in line with the emerging demands patterns in the country, MSP for major agricultural products are fixed by the government, each year, after taking into account the recommendations of the CACP.