The stock of food grains like wheat and rice procured by the government through Food Corporation of India (FCI) is called ________ stock.
- Abuffer
- Bpublic
- Cutility
- Dcorporation
Solution & Step-by-step Explanation
Buffer stock refers to a reserve of a commodity used to offset price fluctuations and unforeseen emergencies. In India, food grains like wheat and rice are procured by the government through the Food Corporation of India (FCI) to maintain a buffer stock ensuring national food security.