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Q.

The [[1]] has proved to be the most effective instrument of government policy over the years in stabilising prices and making food available to consumers at affordable prices. 

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answer is PUBLIC DISTRIBUTION SYSTEM (PDS)..

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Detailed Solution

Public distribution of necessary commodities was in existence in India during the interwar period.

It has been instrumental in averting widespread hunger and famine by giving food from surplus regions of the country to the deficit ones.

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