UPSC Economics Indian Economy / भारतीय अर्थव्यवस्था Question Bank Agriculture

  • question_answer
    Which statement is correct regarding Food Corporation of India?
    I. The Food Corporation of India (FCI) was established in 1975.
    II.   It was responsible for securing for the government a commanding position in the food-grain trade.
    III. By 1979, the corporation was operating in all states as the sole agent of the central government in food grain procurement.

    A) I & III

    B) Only I

    C) I & II

    D) II & III

    Correct Answer: D

    Solution :

    The Food Corporation of India (FCI) was established in 1965, as the public sector marketing agency responsible for implementing government price policy through procurement and public distribution operations. It was responsible for securing for the government a commanding position in the food-grain trade. By 1979, the corporation was operating in all states as the sole agent of the central government in food-grain procurement.


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