Question

what is bufferstock?why was it created by the government?​

Answer 1

A buffer stock scheme is an attempt to use commodity storage for the purposes of stabilising prices in an entire economy or, more commonly, an individual market.

Answer 2

Buffer stock is the stock of foodgrains, namely wheat and rice procured by the government through FOOD CORPORATION OF INDIA (FCI).The FCI purchase wheat and rice from the farmers in the state where there is a surplus production.This is created to distribute foodgrains in the deficit areas and among poorer sections of society at a lower than the market price.