Which of the following statements is/are correct? 

I. The stock of wheat and rice secured by the government is known as buffer stock.

II. Food Corporation of India (FCI) purchases the surplus production from the farmers by paying a pre announced price for their crops. 

III. The price farmers get paid by selling the surfeit food grains is known as Issue price

IV. FCI sells this stock the consumers when as required at a price lower than the market price. This price is known as Minimum Support Price.  

1
All I, II, III and IV
2
(I) and (II) 
3
I, III and IV
4
II, III and IV

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