BPSC (Bihar) Exam > BPSC (Bihar) Questions > The Economic cost to FCI consists of Distribu...
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The Economic cost to FCI consists of Distribution cost and
- a)Acquisition Cost
- b)Labour and Transport charges
- c)Storage cost
- d)Procurement Price
- e)None of the above/ More than one of the above.
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
The Economic cost to FCI consists of Distribution cost anda)Acquisitio...
- Economic Cost is the total cost for FCI.
- It consists of Acquisition Cost and Distribution Cost.
- Acquisition cost consists of Minimum Support Price (MSP) plus procurement incidental cost.
- Procurement incidentals are expenses incurred during procurement till the foodgrains reach the first point of the godown.
- The elements are state taxes, commission to arathias or societies, bagging materials, mandi labor, transportation from mandi to the depot, etc.
- The methodology followed for Calculation of Economic Cost is based on the GoI circular to apportion the operational cost of FCI into Buffer Carrying cost and Distribution cost.
- Distribution cost becomes the part of the Economic cost whereas the Buffer carrying cost becomes the part of the Buffer subsidy.
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The Economic cost to FCI consists of Distribution cost anda)Acquisitio...
- Economic Cost is the total cost for FCI.
- It consists of Acquisition Cost and Distribution Cost.
- Acquisition cost consists of Minimum Support Price (MSP) plus procurement incidental cost.
- Procurement incidentals are expenses incurred during procurement till the foodgrains reach the first point of the godown.
- The elements are state taxes, commission to arathias or societies, bagging materials, mandi labor, transportation from mandi to the depot, etc.
- The methodology followed for Calculation of Economic Cost is based on the GoI circular to apportion the operational cost of FCI into Buffer Carrying cost and Distribution cost.
- Distribution cost becomes the part of the Economic cost whereas the Buffer carrying cost becomes the part of the Buffer subsidy.
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The Economic cost to FCI consists of Distribution cost anda)Acquisition Costb)Labour and Transport chargesc)Storage costd)Procurement Pricee)None of the above/ More than one of the above.Correct answer is option 'A'. Can you explain this answer?
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