Which of the following statements with respect to the Buffer stock policy of India are correct?

1. Buffer stock concept was first introduced in 2nd Five-year plan.

2. Food Corporation of India (FCI) fixes minimum buffer norms on a quarterly basis.

3. Allocation of stock to the states made by Cabinet committee of Economic Affairs (CCEA).

Select the correct code.

1
1 only
2
2 and 3 only
3
3 only
4
More than one of the above
5
None of the above

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