Multiple Choice Questions on The term lsquo Administered Price Mechanism rsquo is associated with which sector ........ for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

The term lsquo Administered Price Mechanism rsquo is associated with which sector ........

Economic Affairs Agricultural Marketing and Prices
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    The term ‘Administered Price Mechanism’ is associated with which sector?

    Fossil Fuels

    Incorrect Answer

    Fertilizers

    Correct Answer

    Cooking Gas

    Incorrect Answer

    Life saving Drugs

    Incorrect Answer
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    Explanation:

    Fertilizers

    • An administered price is the price of a good or service as dictated by a government or centralized authority, as opposed to buyers and sellers interacting according to supply and demand.

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