CBSE Class 9 Answered
Explain
the following terms:
Minimum
support price
Buffer
stock
Issue
price
Fair
price shops
Asked by Topperlearning User | 12 Jun, 2015, 01:46: PM
Expert Answer
- Minimum support price: It is the pre-announced price declared by the government at which it is willing to purchase crops directly from the farmers, if the crop price falls below the MSP. Every year farmers are paid by the government before the sowing season. It is done to provide incentives to the farmers for raising the production of these crops.
- Buffer stock: It is a stock created by the government for surplus food grains such as wheat, rice procured and stored by the Food Corporation of India (FCI). It is utilised in case of droughts, floods or natural calamities.
- Issue price: It is the price at which food grains are issued by the government to deficit areas and among the poorer strata of society. This price is always lower than the market price.
- Fair price shops: Regulated shops which distribute the food grains procured by the government at a lower price than the market price are known as a fair price shops or ration shops. These foodgrains are distributed only among the poorer sections of the society.
Answered by | 12 Jun, 2015, 03:46: PM
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