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The Public Distribution System (PDS) is an Indian food security system which evolved as a system for distribution of food grains at affordable prices and management of emergency situations. It distributes subsidized food and non-food items to India’s poor. This scheme was launched in June 1947. Over the years, PDS has become an important part of the Government's policy for management of food economy in the country. PDS is supplemental in nature and is not intended to make available the entire requirement of any of the commodities distributed under it to a household or a section of the society.PDS has helped bring about the socio-economic justice by helping alleviate hunger, malnutrition, anaemia among poorest of the poor, BPL citizens, women and children. The use of ICT to reduce the touch-points will further increase the efficiency of PDS.
Which of the following statements regarding WPI is/are correct?
1. WPI focuses on the average wholesale prices of goods at basic prices.
2...
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