Buffer Stock is the stock of foodgrains, namely wheat and rice, procured by the government through the FCI. What is the full form of FCI? |
Food Corporation of India Food Cooperatives of India Food Conglomerates of India None of the above |
Food Corporation of India |
Buffer Stock is the stock of foodgrains, namely wheat and rice, procured by the government through the Food Corporation of India (FCI). The FCI purchases wheat and rice from the farmers in states where there is surplus production so that government can distribute foodgrains in the deficit areas and among the poorer strata of the society at a price lower than the market price. This also helps in resolving the problem of shortage of food during adverse weather conditions or during the periods of calamity. |