Consider the following 39 Essential Commodities Act 39 1 The Act empowers both the Ce...........

Economic Affairs Industrial sectors

Consider the following' Essential Commodities Act'

1) The Act empowers both the Central and state governments to control production, supply and distribution of certain commodities.

2) Government can fix price limits for listed commodities.

3) Iron and steel doesn’t come under the ambit of the Act.

Which of the given above statement (s) is/ are correct?

1 and 2

2 and 3

1 and 3

1, 2 and 3

छोटे Courses बड़े Results

Master Industrial sectors

Prepare through Micro-courses

Try Now

Explanation:

All of the above statements are correct.

The Essential Commodities Act, 1955 was enacted to ensure the easy availability of essential commodities to consumers and to protect them from exploitation by unscrupulous traders. The Act provides for the regulation and control of production, distribution and pricing of commodities which are declared as essential. The Act aims at maintaining/increasing supplies/securing equitable distribution and availability of these commodities at fair prices.
The State Governments are fully empowered under the Act to regulate production, distribution, supply and prices of the food items which are declared as essential commodities in the respective States.