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In India, markets in agricultural products are regulated under the
- a)Essential Commodities Act, 1955
- b)Agricultural Produce Market Committee Act enacted by States
- c)Agricultural Produce (Grading and Marking) Act, 1937
- d)Food Products Order, 1956 and Meat and Food Products Order, 1973
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
In India, markets in agricultural products are regulated under thea)Es...
Regulation of Agricultural Markets in India
The regulation of agricultural markets in India is done through various acts and committees. The correct option among the given options is B, which refers to the Agricultural Produce Market Committee Act enacted by States. Let's understand this act in detail.
Agricultural Produce Market Committee (APMC) Act
The APMC Act was enacted by various State governments to regulate the marketing of agricultural produce and to provide a platform for farmers to sell their produce at a fair price. The act was first implemented in 1960 in Maharashtra and later adopted by other states.
Key Features of APMC Act
- Establishment of Market Committees: The act provides for the establishment of APMC to regulate the marketing of agricultural produce in a particular area.
- Licensing of Market Functionaries: The act provides for the licensing of market functionaries like commission agents, traders, and processors who are involved in the buying and selling of agricultural produce.
- Regulation of Trade Practices: The act regulates the trade practices in the market and prohibits malpractices like hoarding, black marketing, and artificial price manipulation.
- Pricing of Commodities: The act provides for the fixing of minimum support price (MSP) for certain agricultural commodities to ensure that farmers get a fair price for their produce.
- Fee Collection: The APMC collects various fees like market fee, license fee, and cess from market functionaries for the maintenance and development of market infrastructure.
Benefits of APMC Act
- Provides a platform for farmers to sell their produce at a fair price.
- Helps in the regulation of trade practices and prevents exploitation of farmers by middlemen.
- Facilitates the development of market infrastructure like cold storage, warehousing, and transportation.
- Provides a transparent system of pricing of agricultural commodities.
Conclusion
Thus, the APMC Act is an important act that regulates the marketing of agricultural produce in India. The act has helped in providing a fair price to farmers and in the development of market infrastructure.
The regulation of agricultural markets in India is done through various acts and committees. The correct option among the given options is B, which refers to the Agricultural Produce Market Committee Act enacted by States. Let's understand this act in detail.
Agricultural Produce Market Committee (APMC) Act
The APMC Act was enacted by various State governments to regulate the marketing of agricultural produce and to provide a platform for farmers to sell their produce at a fair price. The act was first implemented in 1960 in Maharashtra and later adopted by other states.
Key Features of APMC Act
- Establishment of Market Committees: The act provides for the establishment of APMC to regulate the marketing of agricultural produce in a particular area.
- Licensing of Market Functionaries: The act provides for the licensing of market functionaries like commission agents, traders, and processors who are involved in the buying and selling of agricultural produce.
- Regulation of Trade Practices: The act regulates the trade practices in the market and prohibits malpractices like hoarding, black marketing, and artificial price manipulation.
- Pricing of Commodities: The act provides for the fixing of minimum support price (MSP) for certain agricultural commodities to ensure that farmers get a fair price for their produce.
- Fee Collection: The APMC collects various fees like market fee, license fee, and cess from market functionaries for the maintenance and development of market infrastructure.
Benefits of APMC Act
- Provides a platform for farmers to sell their produce at a fair price.
- Helps in the regulation of trade practices and prevents exploitation of farmers by middlemen.
- Facilitates the development of market infrastructure like cold storage, warehousing, and transportation.
- Provides a transparent system of pricing of agricultural commodities.
Conclusion
Thus, the APMC Act is an important act that regulates the marketing of agricultural produce in India. The act has helped in providing a fair price to farmers and in the development of market infrastructure.
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In India, markets in agricultural products are regulated under thea)Es...
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In India, markets in agricultural products are regulated under thea)Essential Commodities Act, 1955b)Agricultural Produce Market Committee Act enacted by Statesc)Agricultural Produce (Grading and Marking) Act, 1937d)Food Products Order, 1956 and Meat and Food Products Order, 1973Correct answer is option 'B'. Can you explain this answer?
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In India, markets in agricultural products are regulated under thea)Essential Commodities Act, 1955b)Agricultural Produce Market Committee Act enacted by Statesc)Agricultural Produce (Grading and Marking) Act, 1937d)Food Products Order, 1956 and Meat and Food Products Order, 1973Correct answer is option 'B'. 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 In India, markets in agricultural products are regulated under thea)Essential Commodities Act, 1955b)Agricultural Produce Market Committee Act enacted by Statesc)Agricultural Produce (Grading and Marking) Act, 1937d)Food Products Order, 1956 and Meat and Food Products Order, 1973Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In India, markets in agricultural products are regulated under thea)Essential Commodities Act, 1955b)Agricultural Produce Market Committee Act enacted by Statesc)Agricultural Produce (Grading and Marking) Act, 1937d)Food Products Order, 1956 and Meat and Food Products Order, 1973Correct answer is option 'B'. Can you explain this answer?.
In India, markets in agricultural products are regulated under thea)Essential Commodities Act, 1955b)Agricultural Produce Market Committee Act enacted by Statesc)Agricultural Produce (Grading and Marking) Act, 1937d)Food Products Order, 1956 and Meat and Food Products Order, 1973Correct answer is option 'B'. 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 In India, markets in agricultural products are regulated under thea)Essential Commodities Act, 1955b)Agricultural Produce Market Committee Act enacted by Statesc)Agricultural Produce (Grading and Marking) Act, 1937d)Food Products Order, 1956 and Meat and Food Products Order, 1973Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In India, markets in agricultural products are regulated under thea)Essential Commodities Act, 1955b)Agricultural Produce Market Committee Act enacted by Statesc)Agricultural Produce (Grading and Marking) Act, 1937d)Food Products Order, 1956 and Meat and Food Products Order, 1973Correct answer is option 'B'. Can you explain this answer?.
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