FUTURE TRENDS IN FOOD TECHNOLOGY
GLOBALIZATION AND FOOD SECURITY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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To save food grains from pest attack
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To stop price fluctuations
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To meet the crises of low production
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Both {b] and ( c)
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Detailed explanation-1: -Solution: The main purpose of buffer stock is to meet the crisis of low production and to stop price fluctuations.
Detailed explanation-2: -The Government of India has adopted the policy of buffer stocks to minimise the fluctuations in the food prices. Buffer stocks serve as shock absorbers in the economy and provide a defence mechanism against the widely fluctuating price levels.
Detailed explanation-3: -What is the main purpose of buffer stock in India? Notes: The Buffer stock was introduced in India as a reserve of a commodity that can be used to offset price fluctuations. The price stability is the main aim of the buffer stock as that will impact the whole market and the economy.
Detailed explanation-4: -The buffer stock – The minimum stock that will always exist. If the purchasing goes according to plan and if the purchasing does not go according to the plan the buffer stock would be used until further supplies were obtained.
Detailed explanation-5: -The correct answer is A reserve of commodities used to offset deficit. Buffer stock: Buffer stock is a reserve of commodities used to offset deficits. It is maintained by the government for essential commodities and necessities.