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UPSC 2019: 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
(b)interest cost only
(c)procurement incidentals and distribution cost
(d)procurement incidentals and charges for godowns
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Not attemptedCorrect Answer: (c) procurement incidentals and distribution cost
FCI defines the ‘economic cost’ of food-grains as the pooled MSP (plus any bonus) paid to farmers, plus procurement incidentals such as mandi fees, handling and storage, and the distribution (movement) cost up to issue points. Thus it comprises procurement incidentals and distribution cost, making option (c) correct. ([prepp.in](https://prepp.in/question/the-economic-cost-of-food-grains-to-the-food-corpo-6453b6113c1bc691f01fe195?utm_source=openai))
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Frequently Asked Questions
What is the correct answer to this UPSC 2019 Indian Economy question?▼
The correct answer is option (c): procurement incidentals and distribution cost. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this Human Development, Poverty & Employment Schemes question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2019, GS Paper 1, as Question 79. It falls under Indian Economy > Human Development, Poverty & Employment Schemes.
What is the difficulty level of this UPSC question?▼
This question is rated "moderate". It requires sound conceptual understanding of the topic.
How many UPSC Prelims questions have been asked from Human Development, Poverty & Employment Schemes?▼
UPSC has asked 61 questions from Human Development, Poverty & Employment Schemes (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.