Home » MCQs » Commerce MCQs » Business Environment MCQs

The prices by which the government buys food grain for the maintenance of the public distribution system and to build a buffer stock are known as,

8. The prices by which the government buys food grain for the maintenance of the public distribution system and to build a buffer stock are known as,

1. Minimum Support Price
2. Procurement Price
3. Issue Price
4. Ceiling Price

Answer: B) Procurement Price

Explanation:

The prices by which the government buys food grain for the maintenance of the public distribution system and to build a buffer stock are known as Procurement Price.