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The stock of food grains like wheat and rice procured by the government through Food Corporation of Indian (FCI) is known as “buffer stock”.
  • a)
    True
  • b)
    False
Correct answer is option 'A'. Can you explain this answer?
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The stock of food grains like wheat and rice procured by the governmen...


Buffer Stock

Buffer stock refers to the stock of food grains like wheat and rice that is procured by the government through the Food Corporation of India (FCI) to ensure food security in the country. This stock is maintained to meet any unforeseen situation like drought, flood, or any other natural calamity that may affect the availability of food grains in the market.

Purpose of Buffer Stock

The main purpose of maintaining a buffer stock is to stabilize the prices of food grains in the market. When there is a shortage of food grains in the market, the government releases the buffer stock to increase the supply and stabilize the prices. On the other hand, when there is excess production of food grains leading to a fall in prices, the government procures the surplus produce to maintain the buffer stock.

Role of FCI

The Food Corporation of India (FCI) is responsible for procuring, storing, and distributing food grains to maintain the buffer stock. FCI procures food grains directly from farmers at the Minimum Support Price (MSP) declared by the government. It also ensures the proper storage and distribution of food grains across the country.

Conclusion

In conclusion, the buffer stock of food grains like wheat and rice maintained by the government through FCI plays a crucial role in ensuring food security and stabilizing prices in the market. It acts as a safety net during times of scarcity and surplus, helping to maintain a balance in the food grain market.
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The stock of food grains like wheat and rice procured by the governmen...
A: True
The stock of food grains like wheat and rice procured by the government through agencies like the Food Corporation of India (FCI) is indeed known as "buffer stock." This buffer stock is maintained to stabilize food prices in the market and to ensure food security during times of shortage or emergencies.
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Read the source given below and answer the questions that follow:China’s famine of 1958–1961 was the worst recorded famine in world history. Nearly, three crore people died in this famine. During those days, India’s economic condition was not much better than China. Yet, India did not have a famine of the kind China had. Economists think that this was a result of different government policies in the two countries. The existence of democracy in India made the Indian Government respond to food scarcity in a way that the Chinese government did not. They point out that no large-scale famine has ever taken place in an independent and democratic country. If China too had multiparty elections, an opposition party and a press free to criticise the government, then so many people may not have died in the famine. This example brings out one of the reasons why democracy is considered the best form of government. Democracy is better than any other form of government in responding to the needs of the people. A non-democratic government may and can respond to the people’s needs, but it all depends on the wishes of the people who rule. If the rulers don’t want to, they don’t have to act according to the wishes of the people. A democracy requires that the rulers have to attend to the needs of the people. A democratic government is a better government because it is a more accountable form of government.Q. During those days, how was the economic condition of India?

Read the source given below and answer the questions that follow:China’s famine of 1958–1961 was the worst recorded famine in world history. Nearly, three crore people died in this famine. During those days, India’s economic condition was not much better than China. Yet, India did not have a famine of the kind China had. Economists think that this was a result of different government policies in the two countries. The existence of democracy in India made the Indian Government respond to food scarcity in a way that the Chinese government did not. They point out that no large-scale famine has ever taken place in an independent and democratic country. If China too had multiparty elections, an opposition party and a press free to criticise the government, then so many people may not have died in the famine. This example brings out one of the reasons why democracy is considered the best form of government. Democracy is better than any other form of government in responding to the needs of the people. A non-democratic government may and can respond to the people’s needs, but it all depends on the wishes of the people who rule. If the rulers don’t want to, they don’t have to act according to the wishes of the people. A democracy requires that the rulers have to attend to the needs of the people. A democratic government is a better government because it is a more accountable form of government.Q. A democratic government is better than any other government because it is

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The stock of food grains like wheat and rice procured by the government through Food Corporation of Indian (FCI) is known as “buffer stock”.a)Trueb)FalseCorrect answer is option 'A'. Can you explain this answer?
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