Commission for Agriculture Costs and Prices (CACP) submits its recommendation for MSPs of agricultural commodities in form of Price Policy Reports.Consider the following statements:1. CACP is a statutory body formed under Agriculture Price Commission Act, 1962.2. Currently MSP is devoid of any legal backing except for Sugarcane to some extent.3. Before submitting a Price Policy Report for any crop, CACP also analyses demand and supply and the implications of MSP on consumers of that product along with the costs of production.Which among the following statements is/are incorrect?

Commission for Agriculture Costs and Prices (CACP) submits its recomme

1.	Commission for Agriculture Costs and Prices (CACP) submits its recommendation for MSPs of agricultural commodities in form of Price Policy Reports.Consider the following statements:1. CACP is a statutory body formed under Agriculture Price Commission Act, 1962.2. Currently MSP is devoid of any legal backing except for Sugarcane to some extent.3. Before submitting a Price Policy Report for any crop, CACP also analyses demand and supply and the implications of MSP on consumers of that product along with the costs of production.Which among the following statements is/are incorrect?
A.	Only 1
B.	Only 1 and 3
C.	Only 1, 2 and 3
D.	None of the above
Answer» B. Only 1 and 3