PART A- FOOD CORPORATION ACT 1964

Question 1

The food corporations Act, 1964 commencement date is

Answer 1

10 Dec 1964

Question 2

Corporation means the Food Corporation of India established under Section _______

Answer 2

3

Question 3

Food Corporation means The Food Corporation of India established under section 3 or a State Food Corporation established under section______

Answer 3

17

Question 4

Scheduled Bank means a bank included in the _______ to the Reserve bank of India Act, 1934

Answer 4

2nd

Question 5

Section 3 of the food corporation act 1964 describe

Answer 5

Establishment of Food Corporation of India

Question 6

Section 4 (1) of the food corporation act 1964 describe

Answer 6

The head office of the Corporation shall be at Madras

Question 7

Section 4 (2) of the food corporation act 1964 describe

Answer 7

The corporation may establish offices or agencies at other places in or outside India

Question 8

Section 5 of the food corporation act 1964 describe

Answer 8

Capital of Corporation shall be such sum not exceeding 100 corores

Question 9

Section 7 of the food corporation act 1964 describe

Answer 9

Board of Directors
consists 12 members

a. A chairman
b. three directors to represent ministries as follow
(i) Food
(ii) Finance
(iii) Co-operation
c. The managing director of CWC (established under section 3 of the warehousing corporation act,1962
d. A managing Director\
e. Six other directors

Question 10

Advisory Committees described in Section ________

Answer 10

11

Question 11

Function of Corporation describe in section________

Answer 11

13
1. Purchase
2. Storage
3. Movement Transport
4. Distribution
5. Sales

of food grains and

Question 12

Executive committee describe in Section___________

Answer 12

14
consists of 5 Members

a. The chairman of the board
b. The managing director
c. Three other directors, of whome one shall be non -Official

The chairman of the board of directors shall be the chairman of executive committee

Question 13

Board of Management is described in section__________

Answer 13

16

Question 14

Board of Management consists of

Answer 14

a. A chairman to be appointed by the board of dirctors of the food corporation of india
b. The senior-most executive officer of
c. Not more than 10 other members to be appointed by the board of directors of the said corporation

Question 15

Establishment of State food Corporation is described in section _________

Answer 15

17

Question 16

Section 18 describes Capital of state food corporation is not exceeding

Answer 16

10 crores

Question 17

State Food Corporation can constitute Executive Committee described in section __________

Answer 17

24

Question 18

State food Corporation executive committee consist

Answer 18

5 Members
a. The Chairman of the board of directors
b. The General Manager
c. Three other members of the board of directors of whom one shall be a non-official

Question 19

Maintain proper accounts
annual statement of accounts including profit and loss
and the balance sheet is described in section _________ of 1964

Answer 19

34 (1)

Question 20

The account of Food Corporation shall be audited annually by the controller and Auditor-General of India is described in section _________ of 1964

Answer 20

34 (2)

Question 21

The Controller and Auditor-General of India or any person appointed by him for audit have one right to demand the production of books
accounts
connected vouchers and inspect any office of the food is described in section

Answer 21

34 (3)

Question 22

Annual report on the working of food Corporations is described in section _________ of 1964

Answer 22

35

Question 23

Declaration of fidelity and Secrecy described in section __________

Answer 23

38

Question 24

Power to make Rules is described in section ___________

Answer 24

44

Question 25

Power of Food corporation to make Regulations is described in section ____________

Answer 25

45

Question 26

last section of act 1964 which describe Validation is __________

Answer 26

46
Food corporation act 1964 consists of 46 Sections