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Consider the following statements regarding Food Corporation of India (FCI).
  1. It is a statutory body under the Ministry of Agriculture& Farmers Welfare.
  2. It maintains a satisfactory level of operational and buffer stocks of food grains to ensure National Food Security.
  3. It regulates market price to provide food grains to consumers at a reliable price.
Which of the above statement is/are correct?
  • a)
    1, 2 
  • b)
    2 only 
  • c)
    2, 3 
  • d)
    1, 2, 3
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding Food Corporation of India ...
1. FCI was established in 1965 to ensure food security through effective price support operations.
2. FCI is responsible for procuring and distributing food grains such as rice and wheat across the country.
3. The main objective of FCI is to stabilize prices of food grains and ensure their availability to the public.
4. FCI operates a network of storage facilities known as godowns to store the procured food grains.
5. FCI also plays a crucial role in implementing the government's food security and welfare schemes.

All of the above statements are true.
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Community Answer
Consider the following statements regarding Food Corporation of India ...
The Food Corporation of India is an organization created and run by the Government of India. It is a statutory body under the Ministry of Consumer Affairs, Food and Public Distribution, Government of India.
Objectives: 
  • Effective price support operations for safeguarding the interests of the poor farmers
  • Distribution of food grains throughout the country for Public Distribution System (PDS)
  • Maintaining a satisfactory level of operational and buffer stocks of food grains to ensure National Food Security
  • Regulate market price to provide food grains to consumers at a reliable price.
It has primary duty to undertake purchase, store, and move/transport, distribute and sell food grains and other foodstuffs.
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Consider the following statements regarding Food Corporation of India (FCI). It is a statutory body under the Ministry of Agriculture& Farmers Welfare. It maintains a satisfactory level of operational and buffer stocks of food grains to ensure National Food Security. It regulates market price to provide food grains to consumers at a reliable price.Which of the above statement is/are correct?a)1, 2b)2 onlyc)2, 3d)1, 2, 3Correct answer is option 'C'. Can you explain this answer?
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