Buffer Stocks Maintenance
Buffer stocks of wheat and rice in India are maintained by:
- NABARD
- Reserve Bank of India
- Food Corporation of India (FCI) — Correct Answer
- State Bank of India
Explanation:
Correct Answer Explanation
Food Corporation of India (FCI) maintains buffer stocks of wheat and rice as part of the government's policy instruments for agricultural marketing.
Key Points:
- Buffer stocks help ensure food security in the country.
- FCI procures food grains at Minimum Support Prices (MSP).
- These stocks are distributed through Public Distribution System (PDS).
- After the Green Revolution, India achieved food security reflected in abundant buffer stocks.
Why Other Options Are Wrong
- A: NABARD deals with rural credit, not food grain storage.
- B: RBI is the central bank dealing with monetary policy.
- D: SBI is a commercial bank.
📚 About this Topic — CH-5: RURAL DEVELOPMENT
This multiple choice question is from CH-5: RURAL DEVELOPMENT, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-5: RURAL DEVELOPMENT to strengthen your preparation.
