Q. With reference to the Jute Corporation of India (JCI), which of the following statements are correct?
1.It operates under the Ministry of Textiles.
2.It implements the Minimum Support Price (MSP) policy for raw jute.
3.It was established to compete with private traders in the jute market.
Select the correct answer using the codes given below:
Answer: A
Notes:
Explanations –
Statements 1 and 2 are correct. The Jute Corporation of India (JCI) is a central public sector undertaking under the Ministry of Textiles, Government of India. A key function of the JCI is to implement the Minimum Support Price (MSP) for raw jute. This ensures that jute farmers receive a guaranteed minimum price for their produce, protecting them from price fluctuations in the market.
Statement 3 is incorrect. While the JCI plays a role in the jute market, its primary objective is to support jute farmers and stabilize the market, not to directly compete with private traders. JCI operates procurement centers in major jute-producing states such as West Bengal, Assam, Odisha, Bihar, Tripura, and Andhra Pradesh.
Source: The Hindu
