Choose the given statement is true/false:

PDS is the most effective government policy in stabilising prices.

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True

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Detailed Solution

The above statement is true.
Over the years, it has become clear that the PDS is the most efficient tool for government policy in maintaining price stability and providing people with food at reasonable costs. Distributing food from the country's surplus regions to the deficit ones has played a crucial role in preventing widespread starvation and famine. The prices have also been altered generally to benefit low-income people. A rise in the output of food grains has been attributed to the system, which includes the minimum support price and procurement, and has given some farmers a sense of financial stability.

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