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    Question

    According to procurement arrangements for Raw Jute MSP

    operations, which organisation acts as the Central Government’s nodal agency for price support operations?
    A Food Corporation of India Correct Answer Incorrect Answer
    B Cotton Corporation of India Correct Answer Incorrect Answer
    C National Agricultural Cooperative Marketing Federation Correct Answer Incorrect Answer
    D Jute Corporation of India Correct Answer Incorrect Answer
    E Small Farmers’ Agribusiness Consortium Correct Answer Incorrect Answer

    Solution

    The Jute Corporation of India (JCI) has been designated as the Central Government’s nodal agency for implementing price support operations for Raw Jute procurement. Under the MSP mechanism, JCI procures raw jute from farmers when market prices fall below the minimum support price. Any financial losses incurred by JCI during procurement operations are fully reimbursed by the Central Government, ensuring stable income support for jute growers.

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