A
The variable international spot price of crude oil traded on commodity exchanges.
B
The regulated price at which subsidised LPG is sold to eligible domestic consumers.
C
The wholesale factory gate price charged by public sector oil refineries.
D
The tax rate levied on commercial transportation of petroleum products.
Correct answer: (b) The regulated price at which subsidised LPG is sold to eligible domestic consumers.
Explanation
Option B is correct because retail selling price refers to the regulated price at which subsidised LPG is sold to eligible domestic consumers. Options A, C, and D are incorrect.
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.
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2015 · Q5 · GS III · 12 marks
In what way could replacement of price subsidy with direct benefit Transfer (DBT) change the scenario of subsidies in India? Discuss. -
2018 · Q17 · General Studies · 2 marks
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2020 · Q1 · General Studies · 2 marks
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2018 · Q12 · General Studies · 2 marks
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