Q. The price at which the government offers to sell foodgrains lower than the market price is known as:
Answer: Issue Price
Notes: The MSP is declared by the government every year before the sowing season to provide incentives to farmers for raising the production of these crops. The purchased foodgrains are stored in granaries. This is done to distribute foodgrains in the deficit areas and among the poorer strata of the society at a price lower than the market price also known as Issue Price.