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The government has powers under the Essential Commodities Act 1955,to declare a commodity as an essential commodity to ensure its availability to people at fair price. The commodities covered under the Act include:
1.Paper
2.Hank yarn made wholly from cotton.
3.Fertilizers
4.Petroleum
5.Cotton and jute seeds
1, 2 and 3 only
1, 3 and 4 only
3, 4 and 5 only
1, 2, 3, 4 and 5
The ECA was enacted way back in 1955. It has since been used by the Government to regulate the production, supply and distribution of a whole host of commodities it declares 'essential' in order to make them available to consumers at fair prices. The list of items under the Act include drugs, fertilisers, pulses and edible oils, and petroleum and petroleum products. The Centre can include new commodities as and when the need arises, and take them off the list once the situation improves.
By: Dr. Vivek Rana ProfileResourcesReport error
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