Consider the following statements about the National Agricultural Cooperative Marketing Federation of India Ltd (NAFED):

  1. It was established on the auspicious day of Gandhi Jayanti 
  2. Its major task is to help centre procure select food crops with the help of states

  Which of the above statements is/are correct?

Answer: [C] Both 1 & 2

National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) help the Centre procure select food crops with the help of the States. Procured farm products are kept in government warehouses and distributed through the PDS and various food security programmes. Currently, there are 20-plus crops that have an MSP announced for them every year before the beginning of the Kharif and Rabi seasons. Gram, tur, urad, moong and lentil under pulses and cereals and oilseeds have official MSPs. These crops are procured by NAFED for centre with the help of states.

This question is a part of GKToday's Integrated IAS General Studies Module