Food Security System and Buffer Stock

Q. refers to the stock of foodgrains purchased from farmers.

1. Grain banks
2. Seed banks
3. Buffer stock
4. Minimum Support Price

Q. The government introduced the Farm Bills in 2020. The farmers were agitated since there was no mention of the Minimum Support Price (MSP) in the bills. Why were farmers concerned with the absence of MSP?

1. The absence of MSP gives the corporates a chance to exploit.
2. Farmers have to pay a minimum price for selling their produce.
3. MSP helps farmers secure opportunities to export.
4. Farmers need to be assured MSP for a guaranteed income.

Q. Which of the following organisations was formed under the Food Corporation Act of 1964?

1. Planning Commission of India
2. Food Corporation of India
3. Food Security System of India
4. Public Distribution System of India

Q. Mohan is a farmer who cultivates foodgrains. But the prices of the foodgrains drop in the market. However, Mohan is protected from the expected loss. How?

1. The government purchases the foodgrains at the Minimum Support Price.
2. The government pays for the loss of the foodgrains.
3. The government directs the farmers to the local markets.
4. The government provides allowances for the farmers.

Q. The Minimum Support Price acts as a penalty for the farmers.

1. True
2. False

Q. Name two states in the Union of India that achieved favourable outcomes due to the Green Revolution.

Q. Which of the following activities is categorised as seasonal employment activity?

1. Jill teaches Economics at the Government School.
2. Will is a baker and specialises in Christmas cakes.
3. Rohan is a farmer who cultivates rice.
4. Mohan is a tailor who specialises in school uniforms.

Q. Eza bought a bag of rice, worth ₹100, for ₹50 from the government which bought it for ₹60. Identify the prices

1. ₹50
2. ₹100
3. ₹60
4. Issue Price
5. Market Price
6. MSP