[[1]] is the stock of food grains, namely wheat and rice procured by the government through Food Corporation of India (FCD).

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Detailed Solution

Buffer stock refers to the supply of food grains, specifically wheat and rice, that the government has purchased through the Food Corporation of India (FCD).
The purpose of this buffer stock is to provide food grains to the poorer sections of society and the deficit areas at a price below market value. The FCI buys these cereals directly from the farmers in the states where they are in excess. These commodities' prices are set well before the crops are sown. The food grains the FCI has thus acquired are known as "Buffer Stock" and are stored in large granaries. The government maintains buffer stock as a measure to guarantee national food security.

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