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    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.

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