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  9. Q37

JKPSC KAS 2023 · Question 37 of 100

Based on the Essential Commodities Act 1955, any action on imposing stock limit shall be based on price rise, and an order for regulating stock limit of any agricultural produce may be issued under this Act only if there is: 1. A hundred percent increase in the retail price of horticultural produce. 2. Fifty percent increase in the retail price of non-perishable agricultural foodstuffs. Choose the correct statement/s:

Indian Polity

  1. A1 only
  2. B2 only
  3. CBothCorrect
  4. DNeither 1 nor 2

Answer: C. Both

Explanation

The 2020 amendment to the Essential Commodities Act permits stock-limit orders on agricultural produce only on a 100% rise in retail price of horticultural produce or a 50% rise for non-perishable agricultural foodstuffs.

Source: JKPSC KAS Prelims 2023 (Set A) via TheExamPillar

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