Question
The economic cost of food grains to the Food Corporation of India is Minimum Support Price and bonus (If any) paid to the farmer's plus
(a) Transportation cost only
(b) Interest cost only
(c) Procurement incidentals and distribution cost
(d) Procurement incidentals and charges for godowns
Answer:
C
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Explanation:
The economic cost of food grains to the Food Corporation of India includes the Minimum Support Price (MSP) and any bonus paid to the farmers, as well as the procurement incidentals and distribution cost. It encompasses various expenses incurred during the procurement process, such as the cost of storage, handling, transportation, and distribution of food grains. These costs are added to the MSP and bonus paid to the farmers to calculate the economic cost of food grains to the Food Corporation of India.