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The economic cost of food grains to the Food Corporation Of India is Minimum Support Price and bonus (if any) paid to the farmers plus
[2019]
- a)Transportation cost only
- b)Interest cost only
- c)Procurement incidentals and distribution costs
- d)Procurement incidentals and charges for godowns
Correct answer is option 'C'. Can you explain this answer?
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The economic cost of food grains to the Food Corporation Of India is M...
- Economic Cost of foodgrains consists of three components: Pooled cost of grains, which is the weighted MSP of the stock of foodgrains available with FCI, procurement incidentals, cost of distribution
- Thus answer is (c).
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The economic cost of food grains to the Food Corporation Of India is M...
Procurement Incidentals and Distribution Costs
- The economic cost of food grains to the Food Corporation of India includes the Minimum Support Price (MSP) and any bonus paid to the farmers for their produce.
- In addition to these costs, the Food Corporation of India also incurs procurement incidentals and distribution costs.
- Procurement incidentals include expenses such as labor costs, handling charges, and administrative expenses related to the procurement process.
- Distribution costs involve expenses related to the storage, transportation, and distribution of the food grains to various parts of the country.
- These costs are essential for the smooth functioning of the food procurement and distribution system in India.
- By including procurement incidentals and distribution costs in the economic cost calculation, the Food Corporation of India can get a more accurate picture of the total expenses incurred in ensuring food security in the country.
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The economic cost of food grains to the Food Corporation Of India is Minimum Support Price and bonus (if any) paid to the farmers plus[2019]a)Transportation cost onlyb)Interest cost onlyc)Procurement incidentals and distribution costsd)Procurement incidentals and charges for godownsCorrect answer is option 'C'. Can you explain this answer?
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The economic cost of food grains to the Food Corporation Of India is Minimum Support Price and bonus (if any) paid to the farmers plus[2019]a)Transportation cost onlyb)Interest cost onlyc)Procurement incidentals and distribution costsd)Procurement incidentals and charges for godownsCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about The economic cost of food grains to the Food Corporation Of India is Minimum Support Price and bonus (if any) paid to the farmers plus[2019]a)Transportation cost onlyb)Interest cost onlyc)Procurement incidentals and distribution costsd)Procurement incidentals and charges for godownsCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The economic cost of food grains to the Food Corporation Of India is Minimum Support Price and bonus (if any) paid to the farmers plus[2019]a)Transportation cost onlyb)Interest cost onlyc)Procurement incidentals and distribution costsd)Procurement incidentals and charges for godownsCorrect answer is option 'C'. Can you explain this answer?.
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