Economics

Buffer stock is the stock of foodgrains procured by the government through _____.


ANSWER

FCI


SOLUTION

The Food Corporation of India (FCI) is the main agency for procurement, storage and distribution of food grains. In addition to the requirements of wheat and rice under the Targeted PDS, the Central Pool is required to have sufficient stocks of these in order to meet any emergencies like drought/failures of crop, as well as to enable open market intervention in case of price rise.

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