Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Market Equilibrium

Question:

Ration shops are also called as ___________.

Options:

Fair price shops

Maximum price shops

Minimum price shops

Government price shops

Correct Answer:

Fair price shops

Explanation:

The correct answer is option 1: Fair price shops

  • Ration shops are officially known as Fair Price Shops (FPS) in India.
  • These shops distribute essential commodities like rice, wheat, sugar, and kerosene at subsidized prices under the Public Distribution System (PDS).
  • The aim is to provide affordable food grains to economically weaker sections of society.