A
1 only
B
Both 1 and 2
C
Neither 1 nor 2
D
2 only
Correct answer: (a) 1 only
Explanation
Statement 1 is correct because the Price Stabilization Fund (PSF) is managed by the Department of Consumer Affairs to handle price volatility through buffer stocking. Statement 2 is completely false and unrelated to defence imports.
Same topic · past papers
UPSC has asked this before
These previous-year questions sit on the same topic. Open one to practise the earlier ask.