FUTURE TRENDS IN FOOD TECHNOLOGY
GLOBALIZATION AND FOOD SECURITY
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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IFCI
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FCI
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IDBI
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FICCI
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Detailed explanation-1: -Buffer Stock is the stock of foodgrains, namely wheat and rice procured by the government through Food Corporation of India (FCI). The FCI purchases wheat and rice from the farmers in states where there is surplus production. The farmers are paid a pre-announced price for their crops.
Detailed explanation-2: -The stock of foodgrains, namely rice and wheat, procured by the Government through the Food Corporation of India (FCI) is known as the Buffer Stock.
Detailed explanation-3: -Buffer stock is created by the government to distribute foodgrains in the deficit areas of the society at a price lower than the market price also known as Issue Price. Buffer stock helps to resolve the problem of shortage of food during adverse weather conditions or during periods of calamity.
Detailed explanation-4: -What are Buffer Stocks? Buffer stocks refer to a pool of certain commodities like Rice, Wheat, etc which are maintained to provide food security and tackle unforeseen emergencies like drought, famine, wars, etc.