The Food Corporation of India (FCI) was set up on 14 January 1965 having its first District Office at Thanjavur - rice bowl of Tamil Nadu and headquarters at Chennai (The Headquarters later shifted to Delhi) under the Food Corporations Act 1964. The Food Corporation of India (FCI) implemented the objectives of the effective price support operations for safeguarding the interests of the poor farmers and regulation of market price to provide food grains to consumers at a reliable price. The Food Corporation of India procures rice and wheat from farmers through many routes like paddy purchase centresmill levy/custom milling and stores them in depots. FCI maintains many types of depots like food storage depots and buffer storage complexes and private equity godowns and also implemented latest storage methods of silo storage facilities which are located at Hapur in Uttar Pradesh and Elavur in Tamil Nadu.
On the basis of the given information about The Food Corporation of India (FCI), answer the following questions:
(a) How will you classify the Food Corporation of India (FCI) as a form of public sector enterprise?
(b) Why it was necessary for the government to pass the Food Corporations Act 1964 for its formation?
(c) State any three advantages of form of public sector enterprise identified in part (a).