Q. Consider the following statements:
- Essential commodities are regulated under the Essential Commodities Act, of 1955.
- The Department of Consumer affairs is collecting prices of 25 essential food commodities in the country.
- Essential commodities can be added or removed only by the state government.
Which of the statements given above is/are correct?
Answer:
Only 1
Notes:
- Essential commodities are the products, the supply of which, if obstructed due to hoarding or black marketing, would affect the normal life of the people.
- The Department of Consumer Affairs (under the Ministry of Consumer Affairs, Food & Public distribution) has a system of collecting prices of 22 essential food commodities in the country.
- Essential commodities are regulated under the Essential Commodities Act, of 1955
- It aims to regulate the production, supply and distribution of, and trade and commerce in, certain commodities, in the interest of the general public.
- The central government may add or remove an essential commodity from the list through a notification.