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: -The Food Corporation of India was setup under the Food Corporation Act 1964, in order to fulfill following objectives of the Food Policy : Effective price support operations for safeguarding the interests of the farmers. Distribution of food grains throughout the country for public distribution system.

Detailed explanation-3: -10th December, 1964.] An Act to provide for the establishment of Food Corporations for the purpose of trading in foodgrains and other foodstuffs and for matters connected therewith and incidental thereto. 2. *1 *2 (1) This Act may be called the Food Corporations Act, 1964.