New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What is the primary function of CCI in the current

    cotton scenario?
    A To undertake price support operations Correct Answer Incorrect Answer
    B To undertake commercial purchase operations for textile mills Correct Answer Incorrect Answer
    C To ensure smooth supply of good quality cotton to the textile industry Correct Answer Incorrect Answer
    D To promote cotton cultivation in non-cotton growing regions Correct Answer Incorrect Answer

    Solution

    Now, the major role of the CCI is to undertake price support operations, whenever the market prices of kapas fall below the minimum support prices (MSP) announced by Govt. of India, without any quantitative limit. 

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