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Question
The stock of foodgrains - mainly wheat and rice - procured by the government for distribution under PDS is called _____.
The stock of foodgrains - mainly wheat and rice - procured by the government for distribution under PDS is called _____.
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Solution
The correct option is A Buffer stock
Buffer Stock is the stock of foodgrains, namely wheat and rice procured by the government through Food Corporation of India (FCI). The FCI purchases wheat and rice from the farmers in states where there is surplus production. The farmers are paid a pre-announced price for their crops. This price is called Minimum Support Price (MSP).
Buffer Stock is the stock of foodgrains, namely wheat and rice procured by the government through Food Corporation of India (FCI). The FCI purchases wheat and rice from the farmers in states where there is surplus production. The farmers are paid a pre-announced price for their crops. This price is called Minimum Support Price (MSP).
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