Question 12 - Teachoo Sample Paper - Social Science Class 9 - Paper 1 - Teachoo Sample Paper - Social Science Class 9

Which of the following is an example of a buffer stock?

1.  Food Corporation of India (FCI) 

2. Public Distribution System (PDS)

3.  Minimum Support Price (MSP) 

4. National Food Security Act (NFSA)

Answer:

Answer by Student

The correct answer is (A): Food Corporation of India (FCI)

Detailed Answer by Teachoo

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Let’s check all the options 

• Option (A) Food Corporation of India (FCI) - FCI is an example of a buffer stock. A buffer stock is a stock of food grains procured by the government through FCI to ensure food security and price stability. The FCI purchases food grains from farmers at MSP and stores them in its godowns. The FCI then releases the food grains to the PDS for distribution to the poor and vulnerable sections of society at subsidized prices under NFSA. So, this option is correct✅
  
  
• Option (B) Public Distribution System (PDS) - PDS is not an example of buffer stock. PDS is a system of distribution of essential commodities such as rice, wheat, sugar, kerosene, etc. to the consumers at affordable prices through a network of fair-price shops. PDS is a part of the food security system in India, but it is not a buffer stock. So, this option is incorrect.❌
  
  
• Option (C) Minimum Support Price (MSP) -  MSP is not an example of buffer stock. MSP is a price fixed by the government to purchase food grains from farmers. MSP acts as a guarantee for farmers that they will get a minimum price for their produce and also as an incentive for them to produce more food grains. MSP is a part of the food procurement policy in India, but it is not a buffer stock. So, this option is incorrect.❌
  
  
• Option (D) National Food Security Act (NFSA) - NFSA is not an example of a buffer stock. NFSA is an act passed by the Parliament in 2013 to provide legal entitlement to food grains at subsidized prices to 75% of the rural population and 50% of the urban population in India. NFSA is a part of the food security policy in India, but it is not a buffer stock. So, this option is incorrect. ❌

Thus, option (A): Food Corporation of India (FCI) is correct.

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