Correct option is D
The Correct Answer is: (D) Ceiling price
Explanation:
The ceiling price is the maximum price set by the government for a particular commodity. It is implemented to protect consumers from the effects of price inflation and to ensure that essential goods remain affordable during times of scarcity.
The ceiling price is the maximum price set by the government for a particular commodity. It is implemented to protect consumers from the effects of price inflation and to ensure that essential goods remain affordable during times of scarcity.
By imposing a ceiling price, the government prevents sellers from charging excessive prices that could exploit consumers.
Additional Information (Other Options):
Issue price: This refers to the price at which a commodity or service is offered for sale to the public, often used for newly issued securities or government bonds.
Levy price: This refers to the price charged for goods that are subject to a specific tax or levy.
MSP (Minimum Support Price): This is a price set by the government to ensure that farmers receive a guaranteed price for their produce, helping to prevent exploitation and ensure farmers' welfare.
English
30 Questions
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