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The economic cost of food grains to the food cooperation of India is minimum support price and bonus (if any) paid to the farmers plus
  • a)
    Transport cost only
  • b)
    Interest cost only
  • c)
    Procurement incidentals and distribution cost
  • d)
    Procurement incidentals and charges for godowns
Correct answer is option 'C'. Can you explain this answer?
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The economic cost of food grains to the food cooperation of India is m...
The economic cost of food grains procured by the Food Corporation of India (FCI) is a total of minimum support price and bonus (if any) paid to the farmers plus the procurement incidentals and distribution cost.
The economic cost has three main components - procurement cost, procurement price, and distribution cost. The procurement incidentals are the initial costs incurred during procurement of foodgrains. The FCI buys foodgrains from the farmers at the pre-announced Minimum Support Price. The distribution costs include freight, handling charges, storage charges, losses during transit and establishment cost.
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The economic cost of food grains to the food cooperation of India is m...
The economic cost of food grains procured by the Food Corporation of India (FCI) is a total of minimum support price and bonus (if any) paid to the farmers plus the procurement incidentals and distribution cost.
The economic cost has three main components - procurement cost, procurement price, and distribution cost. The procurement incidentals are the initial costs incurred during procurement of foodgrains. The FCI buys foodgrains from the farmers at the pre-announced Minimum Support Price. The distribution costs include freight, handling charges, storage charges, losses during transit and establishment cost.
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The economic cost of food grains to the food cooperation of India is minimum support price and bonus (if any) paid to the farmers plusa)Transport cost onlyb)Interest cost onlyc)Procurement incidentals and distribution costd)Procurement incidentals and charges for godownsCorrect answer is option 'C'. Can you explain this answer?
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The economic cost of food grains to the food cooperation of India is minimum support price and bonus (if any) paid to the farmers plusa)Transport cost onlyb)Interest cost onlyc)Procurement incidentals and distribution costd)Procurement incidentals and charges for godownsCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about The economic cost of food grains to the food cooperation of India is minimum support price and bonus (if any) paid to the farmers plusa)Transport cost onlyb)Interest cost onlyc)Procurement incidentals and distribution costd)Procurement incidentals and charges for godownsCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The economic cost of food grains to the food cooperation of India is minimum support price and bonus (if any) paid to the farmers plusa)Transport cost onlyb)Interest cost onlyc)Procurement incidentals and distribution costd)Procurement incidentals and charges for godownsCorrect answer is option 'C'. Can you explain this answer?.
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