economics medium Fill in the Blank

The Food Corporation of India (FCI) was established in the year ___ under the Food Corporations Act, 1964.

  1. 1965
  2. countervailing
  3. Mobile
  4. Engel's

Answer: 1965

FCI was set up in 1965 with the primary objective of safeguarding food security and ensuring price stability in the country. It is responsible for the procurement, maintenance, and distribution of food grains across India through the Public Distribution System (PDS).

Topic Indian Economy - Agriculture
Exam Relevance SSC CGL, Railway NTPC, UPSC
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