The economic cost of food grains to the Food Corporation of India is Minimum Support Price and bonus (if any) paid to the farmers plus

The economic cost of food grains to the Food Corporation of India is Minimum Support Price and bonus (if any) paid to the farmers plus

[UPSC Civil Services Exam – 2019 Prelims]

(a) transportation cost only

(b) interest cost only

(c) procurement incidentals and distribution cost

(d) procurement incidentals and charges for godowns

Answer: (c)

Explanation:

The economic cost of food grains procured by the Food Corporation of India (FCI) encompasses various components. It includes the Minimum Support Price (MSP) and any applicable bonus paid to the farmers, along with the procurement incidentals and distribution costs.
FCI’s economic cost has three main components – procurement cost, procurement price, and distribution cost.

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Consider the following statements:

Consider the following statements: The Parliament of India can place a particular law in the Ninth Schedule of the Constitution of India. The validity of a law placed in the Ninth Schedule cannot be examined by any court and no judgement can be made on it. Which of the statements given above is/are correct?

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Tenth Schedule of Constitution of India: Important Question

The provisions in Fifth Schedule and Sixth Schedule in the Constitution of India are made in order to

Under which Schedule of the Constitution of India can the transfer of tribal land to private parties for mining be declared null and void?

The Ninth Schedule was introduced in the Constitution of India during the prime ministership of

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