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Which of the following in India, is not a commodity listed under Essential Commodities Act, 1955?

Which of the following in India, is not a commodity listed under Essential Commodities Act, 1955? Correct Answer Food Machinery

The correct answer is Food Machinery.

Key Points

  • Food Machinery is not a commodity listed under the Essential Commodities Act, 1955.
  • The Necessary Commodities Act of 1955 does not contain a detailed definition of essential commodities.
  • According to Section 2(A), an "essential commodity" is defined as a commodity included in the Act's Schedule.
  • The Act gives the federal government the authority to add or remove commodities from the Schedule.
  • In conjunction with state governments, the Centre can declare an item essential if it believes it is vital in the public interest.

Important Points

  • The Schedule currently contains seven commodities, according to the Ministry of Consumer Affairs, Food and Public Distribution, which implements the Act: drugs; fertilizers, whether inorganic, organic or mixed; foodstuffs, including edible oils; hank yarn made entirely of cotton; petroleum and petroleum products; raw jute and jute textiles; seeds of food-crops and seeds of fruits and vegetables.

Related Questions

The government has powers under the Essential Commodities Act, 1955 (EC Act) 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 and petroleum products 5. Cotton and jute seeds Select the correct answer using the code given below :
Essential Commodities Act (ECA), 1955 was in news recently. Which of the following statement(s) is/are incorrect about ECA?
1. ECA was enacted to ensure the easy availability of essential commodities to consumers.
2. Government intervention through ECA can increase price volatility of essential Commodities
3. ECA incentivises storag e infrastructure development
Select the correct answer:
The price of commodity X increases by 40 paisa every year, while the price of commodity Y increases by 15 paisa every year. If in 2001, the price of commodity X was TK4.20 and that of Y was TK 6.30, in which year commodity X will cost 40 paisa more than commodity Y?
The price of commodity X increases by 40 paisa every year, while the price of commodity Y increases by 15 paisa every year. If in 2023, the price of commodity X was Tk. 4.20 and that of Y was Tk. 6.30, in which year commodity X will cost 40 paisa more than the commodity Y?
The price of commodity X increases by 40 paise every year, while the price of commodity Y increases by 15 paise every year. If in 2001, the price of commodity X was Rs. 4.20 and that of Y was Rs. 6.30, in which year commodity X will cost 40 paise more than the commodity?
The price of commodity X increases by 60 rupees every year, while the price of commodity Y increases by 20 rupees every year. If in 2002, the price of commodity X was Rs. 320 and that of Y was Rs. 740, in which year commodity X will cost 60 rupees more than the commodity Y ?
The price of commodity X increases by 40 paise every year, while the price of commodity Y increases by 15 paise every year. If in 2001, the price of commodity X was Rs. 4.20 and that of Y was Rs. 6.30, in which year commodity X will cost 40 paise more than the commodity Y ?
Which of the following measures, generally invoked by the government, help contain price rise in certain food commodities? 1. Invoking Essential Commodities Act. 2. Zero export duty on those food crops. 3. Promoting futures and forward trading in those food commodities to stabilize food prices.
Which of the following commodities is NOT included in the Essential Commodities Act, 1955?
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?