Choose whether the given statement is True/False:

The importance of building up a buffer stock of food grains, normally rice and wheat, is to provide food insecurity to the country.

see full answer

Your Exam Success, Personally Taken Care Of

1:1 expert mentors customize learning to your strength and weaknesses – so you score higher in school , IIT JEE and NEET entrance exams.

An Intiative by Sri Chaitanya

True

False

answer is A.

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

NEET

Foundation JEE

Foundation NEET

CBSE

Detailed Solution

The above statement is true.
The primary organisation responsible for purchasing, storing, and distributing grains of food is the Food Corporation of India (FCI). In addition to meeting the needs for wheat and rice under the targeted PDS, the central pool must have enough of these in stock to handle any emergencies, such as droughts or crop failures, as well as to enable open market intervention in the event of price increases. The term "buffer stock" refers to the supply of rice and wheat that the government has purchased through the Food Corporation of India (FCI). Granaries are used to store the purchased food grains. Farmers in states with excess production sell their wheat and rice to the Food Corporation of India (FCI). Farmers receive the Minimum Support Price as payment.

Watch 3-min video & get full concept clarity