India maintains buffer stocks of food grains. The buffer stocks helps in

1. Providing food security
2. Incentivizing farmers
3. Stabilizing prices
4. Running PDS
Select the correct answer using the codes given below.
a) 1, 2 and 3 only
b) 1, 3 and 4 only
c) 2, 3 and 4 only
d) 1, 2 and 4 only

Ans- [B]

Explanation- Buffer stock of food grains  is maintained by the Government of India  for the following purposes:

1. Meeting the prescribed minimum buffer stock norms for food security
2. Monthly release of food grains for supply through Targeted Public Distribution System and other welfare schemes
3. Meeting emergency situations arising out of unexpected crop failure, natural disasters, etc., and
4. Price stabilization or market intervention to augment supply so as to help moderate the open market prices.