SSC Economics Sample Paper NCERT Sample Paper-2

  • question_answer
    Consider the following items
    1. Sugar
    2. Sugarcane
    3. Vegetable oils
    Which of the items given above is/are the Essential Commodities under the Essential Commodities Act, 1955?

    A) Only 1  

    B) 1 and 3

    C) 2 and 3

    D) All of these

    Correct Answer: D

    Solution :

    The Essential Commodities Act (ECA) was enacted by the Central Government in 1955 to control and regulate trade and prices of commodities declared essential under the Act. The Act is again in the limelight, as the Government is making it more stringent while bringing onions and potatoes under its purview. Here are some facts about its provisions that you may want to know and explanations about how the Act works. Seven major commodities are covered under the act. Some of them are: 1. Petroleum and its products, including petrol, diesel, kerosene. Naphtha, solvents etc. 2. Food stuff, including edible oil and seeds, vanaspati, pulses, sugarcane and its products like, khandsari and sugar, rice paddy 3. Jute and textiles 4. Drugs- prices of essential drugs are still controlled by The DPCO 5. Fertilisers - the Fertiliser Control Order prescribes restrictions on transfer and stock of fertilizers apart from prices. Through various amendments in the Act in the past, the government removed many products such as herbicides, fungicides and exercise books from its purview. Onions and potatoes will be added

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