Which of the following commodities falls under the purview of Essential Commodities Act for price re...........

Economic Affairs Industrial sectors

Which of the following commodities falls under the purview of Essential Commodities Act for price regulation by government?

1. Petroleum products

2. Edible oil

3. Pulses

4. Rice

Select the correct answer using the codes given below

1 only

2 and 4 only

1, 2 and 4 only

All of the above

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Explanation:

Under the Essential Commodities Act 1955, the State Governments/UT Administrations have been
provided with various control powers to regulate various aspects of trading in essential commodities
such as food grain, edible oils, pulses, kerosene and sugar etc.
This is being done for
o Maintaining or increasing their supplies
o Equitable distribution and availability at fair prices of the commodities concern Securing any
essential commodity for the
o defence of India or the efficient conduct of military operations
Following items falls under its purview
o Petroleum and petroleum products
o Food items: edible oil, seeds ,vanaspati,pulses,sugar cane ,rice
o Prices of essential drugs
o Fertilizers
Recently, potatoes and onions were included in the list