1.State trading is more popular practice in the developing economies because (a) such countries generally do not have adequately developed private sector (b) private sector bodies, though possessing...

(a) such countries generally do not have adequately developed private sector

(b) private sector bodies, though possessing adequate trading expertise, are solely motivated

by profit consideration.

(c) both (a) and (b)

(d) none of these

2. In the case of _______ government enters the market for purchasing commodities directly

from producers at notified procurement prices, and undertakes the distribution of commodities

to consumers through a network of fair price shops.

(a) partial state trading (b) complete state trading

(c) both (a) and (b) (d) none of these