SSC Economics Sample Paper NCERT Sample Paper-7

  • 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 Yam
    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 Option

    Correct Answer: D

    Solution :

    [d] There are seven broad categories of essential commodities covered by the Act. These are (1) Drugs; (2) Fertilizer, inorganic, organic or mixed; (3) Foodstuffs, including edible oilseeds and oils; (4) Hank yam 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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