Economics

FCI procures and distributes food grains on behalf of the government. FCI stands for ___.


ANSWER

Food Corporation of India


SOLUTION

Food Corporation of India was set up on 14th January, 1965 to implement the following objectives of the National Food Policy:

  1. Effective price support operations for safeguarding the interests of the farmers.
  2. Distribution of foodgrains throughout the country for Public Distribution System.
  3. Maintaining satisfactory level of operational and buffer stocks of foodgrains to ensure National Food Security.
  4. Regulate market price to provide foodgrains to consumers at a reliable price.
View Full Answer

Its FREE, you're just one step away

Create your Digital Resume For FREE on your name's sub domain "yourname.wcard.io". Register Here!


Single Correct Medium Published on 16th 09, 2020
Next Question
Questions 120418
Subjects 10
Chapters 88
Enrolled Students 76
Enroll Now For FREE

Realted Questions

Q1 Single Correct Medium
Public distribution system is aimed at
  • A. Providing food security to the poor
  • B. To prevent hoarding and black-marketing
  • C. To prevent over-charging by traders
  • D. All of the above

Asked in: Economics - Food Security in India


1 Verified Answer | Published on 16th 09, 2020

View Answer
Q2 Single Correct Hard
The Food Corporation of India was established on ____________.
  • A. 1st June, 1960
  • B. 1st January, 1966
  • C. 15th January, 1970
  • D. 14th January, 1965

Asked in: Economics - Food Security in India


1 Verified Answer | Published on 16th 09, 2020

View Answer
Q3 Single Correct Medium
Annapurna Scheme fulfils the food requirments of.
  • A. Children
  • B. Pregnant ladies
  • C. Young persons
  • D. Indigent senior citizens

Asked in: Economics - Food Security in India


1 Verified Answer | Published on 16th 09, 2020

View Answer
Q4 Single Correct Medium
According to the yardstick of poverty line, an individual in cities requires ______ calories and in rural areas requires ______ calories of food.
  • A. 2400; 2100
  • B. 2000; 2400
  • C. 2400; 2000
  • D. 2100; 2400

Asked in: Economics - Food Security in India


1 Verified Answer | Published on 16th 09, 2020

View Answer
Q5 Single Correct Medium
The stock of foodgrains - mainly wheat and rice - procured by the government for distribution under PDS is called _____.
  • A. Distribution of stock
  • B. Storage of stock
  • C. Foodgrain stock
  • D. Buffer stock

Asked in: Economics - Food Security in India


1 Verified Answer | Published on 16th 09, 2020

View Answer