2019
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
What is the new authorized capital of Food Corporation of India?
|
|
Rs. 3, 500 crores
|
|
|
Rs. 5, 000 crores
|
|
|
Rs. 7, 500 crores
|
|
|
Rs. 10, 000 crores
|
Explanation:
Detailed explanation-1: -The government has raised the authorised capital of Food Corporation of India (FCI), the nodal agency for procurement and distribution of foodgrains, to Rs 10,000 crore from the erstwhile Rs 3500 crore.
Detailed explanation-2: -In 2022-23, the central government has allocated Rs 2,06,831 crore for food subsidy out of which Rs 1,45,920 (71%) crore is for providing food subsidy to FCI.
Detailed explanation-3: -Equity: FCI is fully owned by the Government of India. Its Authorized Capital is Rs.10,000 crore. Being a trading corporation major capital infusion relates to the perpetual holding of stocks.
There is 1 question to complete.