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EconomyMedium

From which date will the revised prices of the 137 anti-cancer drugs become effective?

  1. A.17 October 2026
  2. B.1 November 2026
  3. C.9 November 2026
  4. D.1 January 2027

Correct answer

C. 9 November 2026

Explanation

The correct answer is 9 November 2026. Retailers, chemists, hospitals and medical institutions have to charge the reduced prices from that day and must display the revised rates at their counters, while hospitals must also show them on their websites. Option A is the date of the gazette notification itself, not the date from which the lower prices apply; the gap between the two gives manufacturers time to report their revised prices to the regulator, which they must do within seven days of publication. Option B and option D are not mentioned at all in the order. Candidates should keep the two dates separate, because a question can be framed on either. The regulator has also asked companies to keep production and supply of the notified formulations at current levels, so that cheaper prices do not lead to an artificial shortage in the market.

Read the full article: NPPA Caps Trade Margin on 137 Anti-Cancer Drugs at 30%

Q2.EconomyMedium

Under which law has NPPA fixed the trade margin ceiling on these anti-cancer drugs?

  1. A.Paragraph 19 of the Drugs (Prices Control) Order, 2013
  2. B.Section 12 of the Essential Commodities Act
  3. C.Paragraph 4 of the National Pharmaceutical Pricing Policy
  4. D.Rule 65 of the Drugs and Cosmetics Rules
Show answer
Correct answer: A. Paragraph 19 of the Drugs (Prices Control) Order, 2013

This is the enabling provision cited by the regulator while capping the trade margin at thirty per cent of the Maximum Retail Price for the identified non-scheduled anti-cancer medicines.

Q3.EconomyHard

According to the sector presentation at the programme, where does India rank among global exporters of gems and jewellery?

  1. A.Third
  2. B.Fifth
  3. C.Eighth
  4. D.Twelfth
Show answer
Correct answer: C. Eighth

The presentation by the Joint Director General of Foreign Trade at Jaipur placed India eighth among exporters of gems and jewellery worldwide, with a share of 2.9 per cent in a global market worth about one trillion dollars, and noted that the recently concluded agreements grant immediate duty-free access across…