GK
GOVT SCHEMES POLICIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The price at which the Government purchases food grains for maintaining the public distribution system and for building up buffer stocks are known as
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Issue Prices
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Ceiling Prices
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Procurement Prices
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Minimum Support Prices
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Explanation:
Detailed explanation-1: -Hence, the price at which the Government purchases food grains for maintaining public distribution is known as Procurement Price.
Detailed explanation-2: -FCI, the nodal central agency of Government of India, along with other State Agencies undertakes procurement of wheat and paddy under price support scheme . Coarse grains are procured by State Government Agencies for Central Pool as per the direction issued by Government of India on time to time.
Detailed explanation-3: -Solution: The price at which the government offers to sell the food grains lower than the market price is called issue price.
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