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

buffer price

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issue price

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minimum support price

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standard price

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Solution

The correct option is B issue price
The government procures food through the Food Corporation of India. It distributes this food through the public distribution system at a price that is lower than the market price. This price is known as the issue price.

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Similar questions

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?

Q3. Identify the correctly matched Pair
1. M S P - Pre announced price for crops

2. Issue price - The price of food grains in

ration shops

3. Procurement cost -The final price at which government buys the food grains

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