FCI and Buffer Stock

Q. Who procures the buffer stock in India?

1. Food Committee of India
2. Ministry of Human Resource Development
3. Food Corporation of India
4. Ministry of Health and Family Welfare

Q. What does FCI stand for?

1. Food Corporate of India
2. Food Corporation of India
3. Finance Corporate of India
4. Finance Corporation of India

Q. The price at which the Food Corporation of India sells the procured food grains is called the ________.

1. buffer price
2. issue price
3. minimum support price
4. standard price

Q. Which of the following are components of the Food Corporation of India?

1. Rural development banks
2. Buffer stock
3. Public distribution system
4. Horticulture Mission

Q. Suppose a country is witnessing a shortage in foodgrains and the prices of foodgrains are also on the rise. Which of the following would be a right thing for the government to do?

1. Buy foodgrains from farmers and store it in the buffer stock.
2. Buy foodgrains from the market and store it in the buffer stock.
3. Sell foodgrains in the buffer stock through PDS.
4. Do nothing.