ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which agency is responsible for procurement, distribution and storage of food grain production in India?
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Ministry of Agriculture
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Food Corporation of India
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NAFED
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TRIFED
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Explanation:
Detailed explanation-1: -The Central Government, through Food Corporation of India (FCI), has assumed the responsibility for procurement, storage, transportation and bulk allocation of food grains to the State Governments.
Detailed explanation-2: -Buffer Stock is the stock of foodgrains, namely wheat and rice procured by the government through Food Corporation of India (FCI).
Detailed explanation-3: -The correct answer is option 4 i.e FCI.
Detailed explanation-4: -FCI’s Objectives are: To provide farmers remunerative prices. To make food grains available at reasonable prices, particularly to vulnerable section of the society. To maintain buffer stocks as measure of Food Security.
There is 1 question to complete.