gs1medium
Consider the following statements:
- 1.The Union Government fixes the Statutory Minimum Price of sugarcane for each sugar season.
- 2.Sugar and sugarcane are essential commodities under the Essential Commodities Act.
Which of the statements given above is/are correct?
- A.1 only
- B.2 only
- C.Both 1 and 2
- D.Neither 1 nor 2
▶ Answer & Explanation
Correct answer: C. Both 1 and 2
The central government is empowered to fix the Statutory Minimum Price (SMP) of sugarcane for each sugar season, which is a key intervention to ensure fair returns to farmers. Furthermore, both sugar and sugarcane have been declared essential commodities under the Essential Commodities Act, 1955, allowing the government to regulate their production, supply, and distribution, and to prevent hoarding and black marketing.
Source: UPSC gs1 2010