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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

Correct answer

A. Paragraph 19 of the Drugs (Prices Control) Order, 2013

Explanation

The correct answer is 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. The order covers medicines that are not in the scheduled list, which is why a special provision has to be invoked rather than the routine ceiling price mechanism. Options B, C and D name laws and rules that were not used for this notification. The Drugs (Prices Control) Order is administered by the National Pharmaceutical Pricing Authority, which works under the Department of Pharmaceuticals in the Ministry of Chemicals and Fertilizers. The list of medicines brought under the measure was recommended by an Expert Committee functioning under the Directorate General of Health Services, whose members included leading cancer specialists, other doctors, hospital experts and government officers.

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

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…