Q11 · UPSC current affairs · 7 September 2026 · News · Price Stabilisation Fund and Buffer Stock Liquidation

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Consider the following statements regarding the Price Stabilisation Fund:1.It covers essential commodities like onions, pulses, and potatoes.2.It operates directly under the administrative control of the Ministry of Agriculture and Farmers Welfare.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

Correct answer: (a) 1 only

Explanation

Statement 1 is correct because the Price Stabilisation Fund covers essential commodities such as onions, pulses, and potatoes. Statement 2 is incorrect because the fund functions under the Department of Consumer Affairs, not the Ministry of Agriculture and Farmers Welfare.

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.

  1. 2024 · Q14 · GS III · 15 marks

    Elucidate the importance of buffer stocks for stabilizing agricultural prices in India. What are the challenges associated with the storage of buffer stock? Discuss.

    View answer →

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