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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 :
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)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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Verified Answer
What is/are the advantage/advantages of implementing the 'National...
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. Hence, statement 1 is correct.
NAM promotes uniformity, streamlining of procedures across the integrated markets, removes information asymmetry between buyers and sellers and promotes real time price discovery, based on actual demand and supply, promotes transparency in auction process, and access to a nationwide market for the farmer, with prices commensurate with quality of his produce and online payment and availability of better quality produce and at more reasonable prices to the consumer. Hence, statement 2 is correct.
NAM promotes uniformity, streamlining of procedures across the integrated markets, removes information asymmetry between buyers and sellers and promotes real time price discovery, based on actual demand and supply, promotes transparency in auction process, and access to a nationwide market for the farmer, with prices commensurate with quality of his produce and online payment and availability of better quality produce and at more reasonable prices to the consumer. Hence, statement 2 is correct.
Most Upvoted Answer
What is/are the advantage/advantages of implementing the 'National...
Advantages of Implementing the National Agriculture Market Scheme
1. Pan-India electronic trading portal:
The National Agriculture Market scheme is a pan-India electronic trading portal for agricultural commodities. It aims to create a unified national market for agricultural commodities by integrating the existing Agricultural Produce Market Committee (APMC) markets. This would result in a single market for agricultural products across the country, which would ensure the availability of a large number of buyers and sellers. This would help in reducing the intermediaries in the supply chain, thereby reducing the overall cost of marketing and increasing the income of farmers.
2. Access to nationwide market:
The National Agriculture Market scheme provides farmers access to a nationwide market, with prices commensurate with the quality of their produce. This means that farmers can not only sell their produce in their local markets but also in markets located in other parts of the country. This would enable farmers to get better prices for their produce, as they would be able to sell their produce in markets where the demand is high. This would also help in reducing the price gap between the producer and the consumer, as farmers would get a better share of the consumer price.
In conclusion, the National Agriculture Market scheme has several advantages for farmers as it provides them access to a nationwide market, and helps in reducing the intermediaries in the supply chain. This would result in better prices for their produce, and increase the income of farmers.
1. Pan-India electronic trading portal:
The National Agriculture Market scheme is a pan-India electronic trading portal for agricultural commodities. It aims to create a unified national market for agricultural commodities by integrating the existing Agricultural Produce Market Committee (APMC) markets. This would result in a single market for agricultural products across the country, which would ensure the availability of a large number of buyers and sellers. This would help in reducing the intermediaries in the supply chain, thereby reducing the overall cost of marketing and increasing the income of farmers.
2. Access to nationwide market:
The National Agriculture Market scheme provides farmers access to a nationwide market, with prices commensurate with the quality of their produce. This means that farmers can not only sell their produce in their local markets but also in markets located in other parts of the country. This would enable farmers to get better prices for their produce, as they would be able to sell their produce in markets where the demand is high. This would also help in reducing the price gap between the producer and the consumer, as farmers would get a better share of the consumer price.
In conclusion, the National Agriculture Market scheme has several advantages for farmers as it provides them access to a nationwide market, and helps in reducing the intermediaries in the supply chain. This would result in better prices for their produce, and increase the income of farmers.
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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)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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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)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about 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)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about 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)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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