Multiple choice

Which of the following is/are not the function(s) of the Food Corporation of India?

  1. To provide remunerative prices to the farmers
  2. To make food-grains available at reasonable prices, particularly to the vulnerable sections of the society
  3. To maintain buffer stocks as measure of food security
  4. To intervene in market for price stabilization

  1. Only 1

  2. Only 4

  3. 1 and 4

  4. None of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Food Corporation of India was set up under the Food Corporation Act 1964, in order to fulfill the 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
  • Maintaining satisfactory level of operational  and buffer stocks of food grains to ensure
National Food Security
In its 45 years of service to the nation, FCI has played a significant role in India's success in transforming the crisis management oriented food security into a stable security system. FCI's objectives are
  • to provide farmers remunerative prices
  • to make food-grains available at reasonable prices, particularly to vulnerable section of the society
  • to maintain buffer stocks as a measure of food security
  • to intervene in market for price stabilization
(Hence, all the four statements are correct.)
 

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