Question:
Read the following statements carefully:
Statement 1: The Food Corporation of India maintains buffer stocks of wheat and rice as a measure to improve market mechanism.
Statement 2: Minimum Support Price (MSP) is imposed by the government to safeguard the interest of farmers.
In the light of the given statements, choose the correct option from the following:
Read the following statements carefully:
Statement 1: The Food Corporation of India maintains buffer stocks of wheat and rice as a measure to improve market mechanism.
Statement 2: Minimum Support Price (MSP) is imposed by the government to safeguard the interest of farmers.
In the light of the given statements, choose the correct option from the following:
Statement 1: The Food Corporation of India maintains buffer stocks of wheat and rice as a measure to improve market mechanism.
Statement 2: Minimum Support Price (MSP) is imposed by the government to safeguard the interest of farmers.
In the light of the given statements, choose the correct option from the following:
Show Hint
Buffer stocks and MSP both aim to protect farmers’ interests and stabilize food grain markets.
Updated On: Jul 1, 2025
- Statement 1 is true and Statement 2 is false.
- Statement 1 is false and Statement 2 is true.
- Both Statements 1 and 2 are true.
- Both Statements 1 and 2 are false.
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The Correct Option is C
Solution and Explanation
Both statements are correct. The Food Corporation of India maintains buffer stocks of essential grains to stabilize prices and ensure food security. MSP is a price set by the government to protect farmers against any sharp fall in market prices.
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