Match List-I with List-II
|
List-I |
List-II |
|
(A) Food Availability Decline (FAD Theory) |
(I) Maximum Price |
|
(B) Price Ceiling |
(II) Entitlement Failure |
|
(C) Floor Price |
(III) Minimum Support Price |
|
(D) Public Distribution System |
(IV) Fair price Shops |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → (A)-(II), (B)-(I), (C)-(III), (D)-(IV)
-
A) Food Availability Decline (FAD Theory) → (II) Entitlement Failure. This is based on Amartya Sen's critique of the FAD theory, arguing that famines often result from people losing their entitlements (ability to access food), not just a fall in food availability.
-
(B) Price Ceiling → (I) Maximum Price. A price ceiling is a maximum legal price set by the government, beyond which sellers cannot charge.
-
(C) Floor Price → (III) Minimum Support Price. A floor price is the minimum price fixed by the government, often implemented through schemes like Minimum Support Price (MSP) for agricultural products.
-
(D) Public Distribution System → (IV) Fair Price Shops. The PDS distributes essential commodities through fair price shops to ensure food security for the poor.