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Regarding the Food Corporation of India (FCI), consider the following statements:
1. It's part of the Ministry of Agriculture and Farmers' Welfare.
2. It is a legal entity.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Regarding the Food Corporation of India (FCI), consider the following ...
  • Food Corporation of India (FCI) is a statutory body set up in 1965 by the Food Corporations Act 1964 under Department of Food & Public Distribution, Ministry of Consumer Affairs, Food and Public Distribution. 
  • It was established against a major shortage of grains, especially wheat.
    • Simultaneously, the Commission for Agricultural Costs and Prices (CACP) was created in 1965 to recommend remunerative prices (MSP) to farmers. CACP is an attached office of the Ministry of Agriculture and Farmers Welfare.
  • It has primary duty to undertake purchase, store, move/transport, distribute and sell food grains and other foodstuffs.
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Regarding the Food Corporation of India (FCI), consider the following statements:1. Its part of the Ministry of Agriculture and Farmers Welfare.2. It is a legal entity.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
Question Description
Regarding the Food Corporation of India (FCI), consider the following statements:1. Its part of the Ministry of Agriculture and Farmers Welfare.2. It is a legal entity.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Regarding the Food Corporation of India (FCI), consider the following statements:1. Its part of the Ministry of Agriculture and Farmers Welfare.2. It is a legal entity.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Regarding the Food Corporation of India (FCI), consider the following statements:1. Its part of the Ministry of Agriculture and Farmers Welfare.2. It is a legal entity.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
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