send mail to support@abhimanu.com mentioning your email id and mobileno registered with us! if details not recieved
Resend Opt after 60 Sec.
By Loging in you agree to Terms of Services and Privacy Policy
Claim your free MCQ
Please specify
Sorry for the inconvenience but we’re performing some maintenance at the moment. Website can be slow during this phase..
Please verify your mobile number
Login not allowed, Please logout from existing browser
Please update your name
Subscribe to Notifications
Stay updated with the latest Current affairs and other important updates regarding video Lectures, Test Schedules, live sessions etc..
Your Free user account at abhipedia has been created.
Remember, success is a journey, not a destination. Stay motivated and keep moving forward!
Refer & Earn
Enquire Now
My Abhipedia Earning
Kindly Login to view your earning
Support
Type your modal answer and submitt for approval
Consider the following statements:
1.Formation of Price stabilization fund in the budget 2017-18 to check volatility of prices of essential commodities.
2.Imposition on stock limits in respect of pulses, onion, edible oils and edible oil seeds under the Essential Commodities Act.
3.Announced higher Minimum Support Prices so as to incentivize production and thereby enhance availability of food items which may help moderate prices.
4.Revision of the repo rate and reverse repo rate
Which of the above measures are taken by the government to control inflation?
3 only
1, 3 and 4 only
1, 2 and 3 only
1, 2, 3 and 4
Formation of Price Stabilization Fund: The formation of a Price Stabilization Fund in the budget 2017-18 is a measure aimed at checking the volatility of prices of essential commodities. This is a step taken to stabilize prices and control inflation.
Imposition on Stock Limits under the Essential Commodities Act: Imposing stock limits on essential commodities like pulses, onion, edible oils, and edible oil seeds under the Essential Commodities Act is another measure to control inflation. This helps prevent hoarding and speculative trading, which can contribute to price volatility.
Announcement of Higher Minimum Support Prices (MSP): The announcement of higher Minimum Support Prices is a measure to incentivize production and enhance the availability of food items. This is done to moderate prices and ensure farmers receive a fair price for their produce.
Revision of Repo Rate and Reverse Repo Rate: While the revision of the repo rate and reverse repo rate is a monetary policy tool used by the central bank (Reserve Bank of India) to control inflation, it is not directly implemented by the government. The repo rate influences the cost of borrowing, and changes in these rates can impact inflation indirectly.
Therefore, the correct answer is Option 3: 1, 2, and 3 only.
By: Kamal Kashyap ProfileResourcesReport error
Access to prime resources
New Courses