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Standard XI
Business Studies
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The monopoly ...
Question

The monopoly procurement agency of food grains in India is?

A
State Trading Corporation
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B
NABARD
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C
Cooperatives
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D
Food Corporation of India
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Solution

The correct option is D Food Corporation of India
Food Corporation of India(FCI): FCI was set up on January 14, 1965 having its first District office at Thanjavur- rice bowl of Tamil Nadu - and headquarters at Chennai under the FCI Act 1964 to implement the following objectives of the National Food Policy.
(i) Effective price support operations for safeguarding the interests of the farmers.
(ii) Distribution of food grains throughout the country for Public Distribution System.
(iii) Maintaining satisfactory level of operational and buffer stocks of food grains to ensure National Food security.

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Q.

Consider the following statements regarding the procurement of food-grains:

1. Government of India follows a procurement target rather than an open-ended procurement policy.

2. Government of India announces minimum support price only for cereals.

3. NAFED is the nodal procurement agency for Oilseeds and pulses, apart from the Cotton Corporation of India.

Which of the statements given above is/are correct?


Q. The price at which the Food Corporation of India sells the procured food grains is called the ________.
Q. 96. Government of India declares Minimum Support Price (MSP) for 25 notified agricultural commodities for each Kharif and Rabi crop season. Government procures these products through multiple agencies to ensure the availability of food grains. Consider the following statement with references to the procuring agencies.
1. National Agricultural Cooperative Marketing Federation of India Ltd.(NAFED)is Central Nodal Agencies for procurement of Oilseeds, Pulses and Cotton under Price Support Scheme (PSS) of Government of India.
2. Food Corporation of India is the nodal central agency for procurement of wheat and paddy under Price Support Scheme (PSS).
3. Coarse grains are procured by State Government Agencies for Central Pool as per the direction issued by Government of India on time to time.
4. Agriculture Produce Marketing Cooperatives (APMC) of the respective state government deals mainly in horticulture products.
Which of the above statement(s) is/are correct?
Q. The PDS, through the Food Corporation of India, procures agricultural products directly from farmers.
Q.

Food Corporation of India, State Trading Corporation and Central Warehousing Corporation are examples of which warehousing.


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