Choose the given statement is true/false:

The Food Corporation of India (FCI) is a statutory body created and run by the Government of India.

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True

False

answer is A.

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Detailed Solution

The above statement is true.
The Food Corporation of India is a government-owned and operated statutory body. The Ministry of Consumer Affairs owns the Food and Public Distribution of the Government of India, which the Parliament of India established by passing the Food Corporation Act of 1964. They buy food grains from farmers, helping poor farmers earn money. The primary functions of the FCI are to assist in the transportation of seeds and other types of food to various sections of the country, as well as to assist in the storage and packaging of food items. Another function of the Food Corporation of India is to ensure that the required amount of food is available. One of the critical functions of the Food Corporation of India is to assist farmers in receiving sufficient price support.

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