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UPSC Economics Indian Economy / भारतीय अर्थव्यवस्था Question Bank Agriculture

  • question_answer
    The government has powers under the Essential Commodities Act, 1955 (EC Act) to declare a commodity as an essential commodity to ensure its availability to people at fair price. The Commodities covered under the Act include:
    1. Paper
    2. Hank Yarn
    3. Fertilizers
    4. Petroleum and Petroleum Products
    5. Cotton and Jute seeds

    A) 1, 2 and 3

    B) 1, 3 and 4

    C)  3, 4 and 5

    D) 2, 3, 4 and 5

    Correct Answer: D

    Solution :

    There are seven broad categories of essential commodities covered by the Act. These are (1) Drugs; (2) Fertilizer, inorganic, organic or mixed; (3) Foodstuff's, including edible oilseeds and oils; (4) Hank yarn made wholly from cotton; (5) Petroleum and petroleum products; (6) Raw jute and jute textile; (7) (i) seeds of food-crops and seeds of fruits and vegetables; (ii) seeds of cattle fodder; and (iii) jute seeds. Recently cotton seed was also included in the list.


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