FCI is currently working on the sale of wheat at the prevailing market in the open market. This is called -

Question

Question

This question was previously asked in

RPF SI (2018) Official Paper (Held On : 11 Jan 2019 Shift 2)

Answer 1

The correct answer is Open Market Sale Scheme.

Key Points

Objective: The Open Market Sale Scheme (OMSS) is designed to stabilize the price of wheat in the open market.
Implementation: It is carried out by the Food Corporation of India (FCI), which sells wheat and rice in the open market from its buffer stock.
Beneficiaries: The scheme primarily targets bulk consumers and private traders. It helps in enhancing the supply of grains in deficit areas and moderates the open market prices.
Price determination: The selling price under OMSS is determined based on the prevailing market situation, taking into account the procurement cost and other charges.

Additional Information

Option	Details
1) Minimum selling price of wheat	This refers to the minimum price at which the government agencies sell wheat in the open market, not directly related to OMSS but a part of price stabilization measures.
2) Gone Sales Program	A fictional or incorrect option, not associated with the actual schemes of the FCI or government for wheat sales.
3) Online Co-Selling Sales	This option seems to be a misinterpretation or incorrect representation of online sales platforms or initiatives, not related to FCI's wheat sale strategies.