Official Answer Key & Detailed Solution
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Correct Answer: Option (C) — Both 1 and 2
Concept & Option Breakdown
Standard Reference VerifiedStatement 1 is correct: Historically, under the Sugarcane (Control) Order, 1966, the Union Government fixed the Statutory Minimum Price (SMP) for sugarcane (which was amended to Fair and Remunerative Price, FRP, starting from the 2009-10 season). Statement 2 is correct: Both sugar and sugarcane are listed as essential commodities under the Schedule of the Essential Commodities Act, 1955.
Both statutory price fixing and essential commodity categorization apply directly to the regulated sugar sector in India.
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