| What is/are the advantage/ advantages of implementing the 'National Agriculture Market' scheme? |
| 1. It is a pan-India electronic trading portal for agricultural commodities. |
| 2. It provides the farmers access to nationwide market, with prices commensurate with the quality of their produce. |
| Select the correct answer using the code given below: |
A) Only 1
B) Only 2
C) Both 1 and 2
D) Neither 1 nor 2
Correct Answer: C
Solution :
Exp. [c] National Agriculture Market (NAM) is a pan-India electronic trading portal which networks the existing APMC mandis to create a unified national market for agricultural commodities. Its a national e-market platform for transparent sale transactions and price discovery initially in regulated markets. The NAM Portal provides a single window service for all APMC related information and services. This includes commodity arrivals & prices, buy & sell trade offers, provision to respond to trade offers, among other services. While material flow (agriculture produce) continues to happen through mandis, an online market reduces transaction costs and information asymmetry.
You need to login to perform this action.
You will be redirected in
3 sec
