Which among the following is the largest trading Government Company of India ?

Food Corporation of India
Mineral and Metal Trading Corporation.
Khadi & Village Industries Corporation.
Trade Fair Authority of India.

The correct answer is (a) Food Corporation of India.

The Food Corporation of India (FCI) is a statutory corporation of the Government of India under the Ministry of Consumer Affairs, Food and Public Distribution. It is India’s largest food procurement and distribution agency. The FCI was established in 1965 to ensure food security in the country. It procures food grains from farmers at minimum support prices and distributes them to states and union territories, as well as to other government agencies. The FCI also exports food grains.

The Mineral and Metal Trading Corporation (MMTC) is a state-owned enterprise of India under the Ministry of Steel and Mines. It is the largest mineral and metal trading company in India. The MMTC was established in 1963 to promote the export of minerals and metals from India. It also imports minerals and metals for domestic consumption. The MMTC has a network of offices in India and abroad.

The Khadi & Village Industries Commission (KVIC) is a statutory body under the Ministry of Micro, Small and Medium Enterprises (MSME). It was established in 1956 to promote khadi and village industries in India. The KVIC provides financial assistance, technical support, and marketing assistance to khadi and village industries. It also organizes exhibitions and fairs to promote khadi and village products.

The Trade Fair Authority of India (TFAI) is a statutory body under the Ministry of Commerce and Industry. It was established in 1985 to promote trade fairs in India. The TFAI organizes trade fairs in India and abroad. It also provides assistance to trade fair organizers.

The FCI is the largest trading government company of India because it has the largest turnover. The FCI’s turnover in 2019-20 was Rs. 2,49,576 crore. The MMTC’s turnover in 2019-20 was Rs. 1,27,106 crore. The KVIC’s turnover in 2019-20 was Rs. 2,743 crore. The TFAI’s turnover in 2019-20 was Rs. 1,000 crore.

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