New RBI Grade B 2025 Notification will come Soon! Enroll Here

    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