Question

    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?
    A Transportation cost only Correct Answer Incorrect Answer
    B Interest cost only Correct Answer Incorrect Answer
    C Procurement incidentals and distribution costs Correct Answer Incorrect Answer
    D Procurement incidentals and charges for godowns Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Economic Cost of foodgrains consists of three components: Pooled cost of grains, which is the weighted MSP of the stock of foodgrains available with FCI, procurement incidentals, cost of distribution.

    Practice Next
    More ESI Questions
    ask-question