New Register here for RBI, SEBI & NABARD strategy workshop! April 9 at 7 PM

    Question

    The Union Cabinet approved an equity infusion of

    ₹10,700 crore into the Food Corporation of India (FCI). What is the main purpose of this funding?
    A To initiate new research in agriculture Correct Answer Incorrect Answer
    B To increase food imports Correct Answer Incorrect Answer
    C To serve as working capital for FCI and support farmers' welfare Correct Answer Incorrect Answer
    D To fund agricultural machinery purchases Correct Answer Incorrect Answer
    E To privatize agricultural sectors Correct Answer Incorrect Answer

    Solution

    The ₹10,700 crore equity infusion will provide FCI with working capital, strengthening its role in supporting the agricultural sector and improving farmers' welfare by enhancing FCI's capacity to meet the needs of India's agrarian economy.

    Practice Next