Economics

FCI stands for.


ANSWER

Food Corporation of India


SOLUTION

Financial Conditions Index (FCI) is a comprehensive index which is constructed based on the combination of some variables, such as currency price and asset price. FCI has become an important reference index in financial analyzing and policymaking in some central banks and international institutions. The role of Food Corporation of India is to maintain sufficient buffer stock in the country and price stabilisation. FCI purchases food grains mainly from surplus states such as Punjab, Haryana and supplies them to deficit states. ... The Supply of Foodgrains to the army is also done by FCI. Food Corporation of India was established under FCI Act 1964.It is a central govt undertaking like RBI. Employees are not govt employees. It is PSU.

Hence, option ‘b’ is correct answer.

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