Asked/Added Questions From NCERT: Economics

 A buffer stock scheme (commonly implemented as intervention storage, the "ever-normal granary") is an attempt to use commodity storage for the purposes of stabilising prices in an entire economy or, more commonly, an individual (commodity) market.

-Answered by Akki chauhan On 14 January 2019:09:47:29 AM

 Supply of essential commodities to the people through government agencies is known as Public Distribution System..

The PDS is an important activity of the state to ensure food security to the people.

The PDS controls the supply of essential commodities at subsidised rates which keeps the prices under control.

The government has established Fair Price Shops through the Public Distribution System. Here the prices of essential commodities are less than the market prices. The cost of this price difference is borne by the government through subsides.

The PDS controls unscrupulous rise in prices of essential goods in the market and it also checks the holding and black marketing by the profit makers.

-Answered by Akki chauhan On 14 January 2019:09:45:18 AM

 उपभोक्ता सुरक्षा अधिनियम 1986.

-Answered by Akki chauhan On 16 January 2019:10:14:26 AM