The abnormal increase in buffer stock of FCI in recent times is due to:

a series of bumper harvest

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procurement prices are above market prices

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additional storage facility created by FCI

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transport bottlenecks in wheat producing regions

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Solution

The correct option is B procurement prices are above market prices
(b)

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Similar questions

Consider the following statements regarding Shanta Kumar committee’s report on restructuring of FCI:-

1. It recommended that FCI procurement should focus on southern belt of the country where farmers do not get MSP.

2. FCI should outsource its stocking to central and state government agencies only.

3. FCI should hand over its procurement operations of wheat, paddy and rice to Ministry of trade and commerce.

4. It recommended strict implementation of Original National Food Security Act (NFSA).

Which of the above statements are correct?

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