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With reference to the Food Corporation of India (FCI), consider the following statements:
1. FCI is the only agency which undertakes procurement of wheat and paddy.
2. Coarse grains are also procured by FCI.
3. It is a statutory body under the Ministry of Consumer Affairs.
Which of the statements given above is/are correct?
  • a)
    1 and 2 only
  • b)
    2 and 3 only
  • c)
    3 only
  • d)
    1, 2 and 3
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
With reference to the Food Corporation of India (FCI), consider the fo...
The food corporation of India (FCI), the nodal central agency of the Government of India, along with other state agencies undertake procurement of wheat and paddy under the price support scheme. Coarse grains are procured by the state government agencies for the central pool, as per the directions issued by the Government of India, from time to time. It is a statutory body under the Ministry of Consumer Affairs, Food and Public Distribution, Government of India. Its top official is designated as Chairman. It was set up in 1965 with its Initial headquarters at Chennai.
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Most Upvoted Answer
With reference to the Food Corporation of India (FCI), consider the fo...
Explanation:

Statement 1:
- The statement is incorrect. FCI not only undertakes the procurement of wheat and paddy but also procures coarse grains like maize, bajra, and jowar.

Statement 2:
- The statement is correct. Along with wheat and paddy, FCI also procures coarse grains to maintain buffer stocks and support farmers.

Statement 3:
- The statement is correct. Food Corporation of India (FCI) is a statutory body established under the Food Corporation Act 1964. It operates under the administrative control of the Ministry of Consumer Affairs, Food, and Public Distribution.
Therefore, the correct answer is option C) 3 only.
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With reference to the Food Corporation of India (FCI), consider the following statements:1. FCI is the only agency which undertakes procurement of wheat and paddy.2. Coarse grains are also procured by FCI.3. It is a statutory body under the Ministry of Consumer Affairs.Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)3 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer?
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