Write notes on
a) Minimum support price
b) buffer stock
c) Issue price
d) fair price shops
Answers
Minimum Support Price
Minimum Support Price is the price at which government purchases crops from the farmers, whatever may be the price for the crops.
Buffer Stock
A buffer stock scheme is an attempt to use commodity storage for the purposes of stabilising prices in an entire economy or an individual market.
Issue price
The issue price is the price at which shares are offered for sale when they first become available to the public.
Fair Price Shop
Fair Price Shop means a shop which has been licensed to distribute essential commodities by an order issued under section 3 of the Essential Commodities Act, 1955, to the ration card holders under the Targeted Public Distribution System.
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Answer:
Minimum support price:
The minimum support price (MSP) is an agricultural product price set by the government of India to purchase directly from the farmers. Buffer stock:
A reserve of a commodity that can be used to offset price fluctuation.
Issue price :
The issue price is the price at which shares in the company slipped below their issue price on their first day of trading. Investors earn the difference between the discount issue price and the full price value paid at maturity.
Fair price shops :
The food grains procured by the government though FCI is distributed to the poor section of the society though ration shops. The ration shops are called fair price shop because food grains are supplied to the poor though these shops at much reasonable and a fair price than the market price which is often high. Any family with a ration card can purchase stipulated amount of food grains, sugar, kerosene etc. Every month from the nearby fair price shop.