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1. Storage

2. Price stabilization 

3. Equalization of demand and supply.

(c) Dock warrant

(d) None of these

1. Private Warehouses : Private warehouses are built and owned by private business enterprises in order to store the products produced by them.

2. Government Warehouses : They are created and operated by the Government to implement the programmes of the Government.

3. Public Warehouse : It is open for public at large. Most of the business organisations, especially small and medium scale units cannot afford to have their own warehouses.

4. Co – operative Warehouses : There are warehouses owned and managed by the marketing co-operative societies or agricultural co-operative societies. They are setup to provide warehousing facilities to their members.

5. Bonded Warehouses : Bonded warehouses are those warehouses, which are licensed by the government to accept storage of imported goods which are not cleared due to non – payment of customs duty by the importer.

1. On the Basis of Ownership – Private, Public 

2. On the Basis of Commodities stored – General

It is a place where goods are stored for future use and act as distribution centres. Warehouses are designed depending upon the nature of the products to be stored.

(c) Food Corporation of India

(c) Cold storage

(d) Co – operative

1. It safeguards the stock for the merchants who do not have storage place.

2. Warehouses reduces the distribution cost of the traders by storing the goods in bulk and allow the trader to take the goods in small lots to his shop.

3. It helps in selection of channel of distribution. The producer will prefer whether to a wholesaler or retailer.

4. It assists in maintaining the continuous sale and avoid the possibilities of “Out of Stock”. 

5. It creates employment opportunities for both skilled and unskilled workers to improve their standard of living.

Goods are transferred in refrigerated containers and stored in refrigerated warehouse. These warehouses are used for storing perishable goods like fruits, vegetables, eggs, butter, fish, meat, etc. 

Goods stored in cold storages without deterioration in quality, can be made available throughout the year.

Warehouse Warrant: 

• It is a document of title of goods. 
• It is not only an acknowledgement for the receipt of goods but also gives an authority to get delivery of goods by the
• owner or by third party. 
• It can be negotiated or transferred to others.

Warehouse Receipt:

• It is not a document of title of goods. 
• It is only an acknowledgement for the receipt of goods. 
• It cannot be transferred to others

FCI provides storage facilities for good grains. FCI also hires storage capacity from other sources such as CWC, SWC and private parties.

Warehouse Warrant: It is a document of title of goods. 

• It is not only an acknowledgement for the 
• receipt of goods but also gives an authority to get delivery of goods by the owner or by third party
• It can be negotiated or transferred to others.

Warehouse Receipt:

• It is not a document of title of goods. 
• It is only an acknowledgement for the
• receipt of goods. 
• It cannot be transferred to others.

Correct Answer is: (b) 1957