GENERAL KNOWLEDGE

Detailed explanation-1: -The Food Corporation of India (FCI) is a statutory body created and run by the Government of India. It is under the ownership of Ministry of Consumer Affairs, Food and Public Distribution, Government of India formed by the enactment of Food Corporation Act, 1964 by the Parliament of India.

Detailed explanation-2: -To make food grains available at reasonable prices, particularly to vulnerable section of the society. To maintain buffer stocks as measure of Food Security. To intervene in market for price stabilization.