Which of these is a normative statement?

Forward trading in commodity market has led to inflationary conditions in food grains.

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Forward trading in commodities ought to be banned to curb rising prices.

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Export of onion has created shortage of domestic supply of onions.

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None of the above.

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Solution

The correct option is D Forward trading in commodities ought to be banned to curb rising prices.
Normative economics deals with what ought to be or how the economic problems should be solved. It discusses what the desirable things are and how they should be realised. Thus it is suggestive in nature.
Forwarding trading in commodities ought to be banned to curb rising prices is the statement that is suggesting us a measure to make the situation desirable, thus the statement is normative in nature.

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8. Which of the following are the objectives of PDS?

1.To protect the low income groups by guaranteeing the supply of certain minimum quantities of food grains at affordable price.

2.Ensuring equitable distribution.

3.Controlling the price rise of Essential Commodities in the open market.

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