What is are objectives of the Open Market Sale Mechanism To offload the excess stocks To moderate th...........

Economic Affairs Food Management

Download Solution PDF

What is/are objectives of the Open Market Sale Mechanism?

To offload the excess stocks.
To moderate the open market prices.
To provide the food grains to BPL families.

Select the correct answer using the code given below:

1 and 2

3 only

1 and 3

2 and 3

छोटे Courses बड़े Results

Master Food Management

Prepare through Micro-courses

Try Now

Explanation:

Statement 1 and 2 are correct and statement 3 is not correct.

FCI on the instructions from the Government sells excess stocks out of Central Pool through Open Market Sale Scheme (Domestic) in the open market from time to time, at predetermined prices to achieve the following objectives:-

To enhance the supply of food grains, especially during the lean season and deficit regions.
To moderate the open market prices.
To offload the excess stocks.
To reduce the carrying cost of food grains