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

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Q: 9 (IAS/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

question_subject: 

Economics

question_exam: 

IAS

stats: 

0,137,77,22,9,137,46

keywords: 

{'food grains': [0, 0, 0, 2], 'economic cost': [0, 0, 2, 1], 'food corporation': [0, 0, 0, 1], 'minimum support price': [0, 0, 0, 3], 'farmers': [1, 3, 8, 26], 'distribution cost': [0, 0, 0, 1], 'procurement incidentals': [0, 0, 0, 1], 'transportation cost': [0, 0, 0, 1]}

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 procurement incidentals and distribution cost. Procurement incidentals include expenses incurred on gunny bags, labour charges, etc., while distribution costs include transportation, storage, and handling charges. The interest cost is not included in the economic cost of food grains to the Food Corporation of India.