Q. With reference to the Food Corporation of India (FCI), consider the following statements:
1.It was established under the Food Corporation’s Act, 1964.
2.FCI is responsible for maintaining both operational and buffer stocks of foodgrains.
3.Its role is limited to procurement and does not include foodgrain distribution.
Which of the statements given above is/are correct?
Quarterly-SFG-Jan-to-March
Red Book

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: A
Notes:

Explanation:

  • The Food Corporation of India (FCI) was created under the Food Corporations Act, 1964, as part of India’s food policy framework.
  • FCI plays a key role in maintaining operational and buffer stocks of foodgrains to ensure food security and stabilize supply during crises.
  • FCI is not limited to procurement; it is also responsible for distribution of foodgrains through the Public Distribution System (PDS) and welfare schemes.

Source- 12th NCERT: Economics: Macroeconomics and TMH Indian Economy by Ramesh Singh

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