Choose the given statement is true/false:

The Food Corporation of India plays an important role in the food security of India.

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Detailed Solution

The above statement is true.
The Food Corporation of India was established in 1964 and is run by the Ministry of Consumer Affairs. It plays a vital role in the food security of India. The central schemes started by the Indian government to ensure food securities are buffer stock and public distribution systems managed by the Food Corporation of India. The FCI procures the food grains from the farmers at a price announced during the sowing season. They either store it as a buffer stock for natural calamities or any area that faces a food shortage or sell it to poor people through PDS at lower prices.

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