UPSC Exam > UPSC Questions > Consider the following statements: Natio...
Start Learning for Free
Consider the following statements:
National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) is the lead agency for implementing eNAM.
The Common Online Market Platform (COMP) will provide better price discovery to farmers for doubling their income.
Which of the statement(s) given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
Consider the following statements: National Agricultural Coopera...
Explanation:
The correct answer is option 'B', i.e., statement 2 only is correct. Let's analyze each statement in detail:
Statement 1: National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) is the lead agency for implementing eNAM.
This statement is incorrect. The lead agency for implementing eNAM (Electronic National Agriculture Market) is the Small Farmers' Agribusiness Consortium (SFAC), not NAFED. SFAC is an autonomous organization under the Department of Agriculture, Cooperation & Farmers Welfare, Ministry of Agriculture and Farmers Welfare, Government of India. SFAC is responsible for the development and implementation of the eNAM platform, which aims to create a unified national market for agricultural commodities.
Statement 2: The Common Online Market Platform (COMP) will provide better price discovery to farmers for doubling their income.
This statement is correct. The Common Online Market Platform (COMP) is a part of the eNAM initiative. It is an online platform that connects agricultural mandis (marketplaces) across the country. COMP aims to provide transparent price discovery and enable farmers to access a wider market, thereby increasing their income. By providing real-time information on prices, COMP empowers farmers to make informed decisions and sell their produce at competitive rates.
In conclusion, only statement 2 is correct. NAFED is not the lead agency for implementing eNAM, and it is the Small Farmers' Agribusiness Consortium (SFAC) that fulfills this role. The Common Online Market Platform (COMP) is an integral part of eNAM and aims to provide better price discovery to farmers for improving their income.
The correct answer is option 'B', i.e., statement 2 only is correct. Let's analyze each statement in detail:
Statement 1: National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) is the lead agency for implementing eNAM.
This statement is incorrect. The lead agency for implementing eNAM (Electronic National Agriculture Market) is the Small Farmers' Agribusiness Consortium (SFAC), not NAFED. SFAC is an autonomous organization under the Department of Agriculture, Cooperation & Farmers Welfare, Ministry of Agriculture and Farmers Welfare, Government of India. SFAC is responsible for the development and implementation of the eNAM platform, which aims to create a unified national market for agricultural commodities.
Statement 2: The Common Online Market Platform (COMP) will provide better price discovery to farmers for doubling their income.
This statement is correct. The Common Online Market Platform (COMP) is a part of the eNAM initiative. It is an online platform that connects agricultural mandis (marketplaces) across the country. COMP aims to provide transparent price discovery and enable farmers to access a wider market, thereby increasing their income. By providing real-time information on prices, COMP empowers farmers to make informed decisions and sell their produce at competitive rates.
In conclusion, only statement 2 is correct. NAFED is not the lead agency for implementing eNAM, and it is the Small Farmers' Agribusiness Consortium (SFAC) that fulfills this role. The Common Online Market Platform (COMP) is an integral part of eNAM and aims to provide better price discovery to farmers for improving their income.
Free Test
FREE
| Start Free Test |
Community Answer
Consider the following statements: National Agricultural Coopera...
Option (b) is the correct answer.
- Statement 1 is incorrect. Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing eNAM under the aegis of Ministry of Agriculture and Farmers’ Welfare, Government of India.
- Statement 2 is correct. Common Online Market Platform (COMP) to facilitate pan-India trade in agriculture commodities would provide better price discovery through transparent auction process based on quality of produce along with timely online payment. KB) The NAM Portal provides a single window service for all APMC related information and services. While material flow (agriculture produce) continues to happen through mandis, an online market reduces transaction costs and information asymmetry.
Attention UPSC Students!
To make sure you are not studying endlessly, EduRev has designed UPSC study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in UPSC.
|
Explore Courses for UPSC exam
|
|
Similar UPSC Doubts
Top Courses for UPSCView all
Consider the following statements: National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) is the lead agency for implementing eNAM. The Common Online Market Platform (COMP) will provide better price discovery to farmers for doubling their income. Which of the statement(s) given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
Question Description
Consider the following statements: National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) is the lead agency for implementing eNAM. The Common Online Market Platform (COMP) will provide better price discovery to farmers for doubling their income. Which of the statement(s) given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct 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 Consider the following statements: National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) is the lead agency for implementing eNAM. The Common Online Market Platform (COMP) will provide better price discovery to farmers for doubling their income. Which of the statement(s) given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct 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 Consider the following statements: National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) is the lead agency for implementing eNAM. The Common Online Market Platform (COMP) will provide better price discovery to farmers for doubling their income. Which of the statement(s) given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
Consider the following statements: National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) is the lead agency for implementing eNAM. The Common Online Market Platform (COMP) will provide better price discovery to farmers for doubling their income. Which of the statement(s) given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct 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 Consider the following statements: National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) is the lead agency for implementing eNAM. The Common Online Market Platform (COMP) will provide better price discovery to farmers for doubling their income. Which of the statement(s) given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct 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 Consider the following statements: National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) is the lead agency for implementing eNAM. The Common Online Market Platform (COMP) will provide better price discovery to farmers for doubling their income. Which of the statement(s) given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
Solutions for Consider the following statements: National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) is the lead agency for implementing eNAM. The Common Online Market Platform (COMP) will provide better price discovery to farmers for doubling their income. Which of the statement(s) given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of Consider the following statements: National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) is the lead agency for implementing eNAM. The Common Online Market Platform (COMP) will provide better price discovery to farmers for doubling their income. Which of the statement(s) given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Consider the following statements: National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) is the lead agency for implementing eNAM. The Common Online Market Platform (COMP) will provide better price discovery to farmers for doubling their income. Which of the statement(s) given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Consider the following statements: National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) is the lead agency for implementing eNAM. The Common Online Market Platform (COMP) will provide better price discovery to farmers for doubling their income. Which of the statement(s) given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Consider the following statements: National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) is the lead agency for implementing eNAM. The Common Online Market Platform (COMP) will provide better price discovery to farmers for doubling their income. Which of the statement(s) given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Consider the following statements: National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) is the lead agency for implementing eNAM. The Common Online Market Platform (COMP) will provide better price discovery to farmers for doubling their income. Which of the statement(s) given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice UPSC tests.
|
|
Explore Courses for UPSC exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup