UPSC Exam > UPSC Questions > Consider the following statements regarding N...
Start Learning for Free
Consider the following statements regarding National Agriculture Market (e-NAM):
- It is a pan-India electronic trading portal to create a unified national market for agricultural commodities.
- Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing e-NAM.
Which of the statements 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 'C'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
Consider the following statements regarding National Agriculture Marke...
Prime Minister recently said that with the help of the National Agriculture Market (e-NAM) portal, the farmers will be able to decide the place, time and price of selling their products, and reduce the burden on the consumers.
About National Agriculture Market (e-NAM):
- It is a pan-India electronic trading portal which networks the existing APMC mandis to create a unified national market for agricultural commodities.
- It was launched on 14th April 2016, and is completely funded by the Government of India.
- Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing eNAM under the aegis of the Ministry of Agriculture and Farmers’ Welfare, Government of India.
- Vision: To promote uniformity in agriculture marketing by streamlining procedures across the integrated markets, removing information asymmetry between buyers and sellers and promoting real-time price discovery based on actual demand and supply.
- Mission: Integration of APMCs across the country through a common online market platform to facilitate pan-India trade in agriculture commodities, providing better price discovery through a transparent auction process based on the quality of produce along with timely online payment.
- Features:
- A National e-market platform for transparent sale transactions and price discovery in regulated markets, kisan mandis, warehouses and private markets.
- Liberal Licensing of traders/buyers and commission agents by State authorities without any pre-condition of physical presence or possession of shop/premises in the market yard.
- One license for a trader is valid across all markets in the State.
- Harmonization of quality standards of agricultural produce and provisions of assaying (quality testing) infrastructure in every market to enable informed bidding by buyers.
- Restriction of agriculture Produce Marketing Committee’s (APMC) jurisdiction to within the APMC market yard/sub yard instead of a geographical area (the market area) at present.
- Single point levy of market fees, i.e. on the first wholesale purchase from the farmer.
Hence both statements are correct.
Free Test
FREE
| Start Free Test |
Community Answer
Consider the following statements regarding National Agriculture Marke...
Explanation:
The correct answer is option 'C' - Both 1 and 2. Let's understand the statements and their correctness in detail:
Statement 1: It is a pan-India electronic trading portal to create a unified national market for agricultural commodities.
This statement is correct. The National Agriculture Market (e-NAM) is indeed a pan-India electronic trading portal launched by the Government of India in 2016. It aims to create a unified national market for agricultural commodities by integrating the existing Agriculture Produce Market Committee (APMC) mandis across the country. The e-NAM platform provides a common online platform for buyers and sellers to trade in agricultural commodities, eliminating geographical barriers and ensuring transparency and competitive prices.
Statement 2: Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing e-NAM.
This statement is also correct. The Small Farmers Agribusiness Consortium (SFAC) is the lead agency responsible for implementing the e-NAM initiative. SFAC is an autonomous society under the Department of Agriculture, Cooperation & Farmers Welfare, Ministry of Agriculture & Farmers Welfare, Government of India. SFAC plays a crucial role in the implementation, monitoring, and coordination of e-NAM across the country. It works closely with the State Agricultural Marketing Boards, State Agricultural Marketing Federations, and other stakeholders to ensure the smooth functioning of the e-NAM platform.
Therefore, both statements 1 and 2 are correct. The National Agriculture Market (e-NAM) is a pan-India electronic trading portal, and the Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing e-NAM.
The correct answer is option 'C' - Both 1 and 2. Let's understand the statements and their correctness in detail:
Statement 1: It is a pan-India electronic trading portal to create a unified national market for agricultural commodities.
This statement is correct. The National Agriculture Market (e-NAM) is indeed a pan-India electronic trading portal launched by the Government of India in 2016. It aims to create a unified national market for agricultural commodities by integrating the existing Agriculture Produce Market Committee (APMC) mandis across the country. The e-NAM platform provides a common online platform for buyers and sellers to trade in agricultural commodities, eliminating geographical barriers and ensuring transparency and competitive prices.
Statement 2: Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing e-NAM.
This statement is also correct. The Small Farmers Agribusiness Consortium (SFAC) is the lead agency responsible for implementing the e-NAM initiative. SFAC is an autonomous society under the Department of Agriculture, Cooperation & Farmers Welfare, Ministry of Agriculture & Farmers Welfare, Government of India. SFAC plays a crucial role in the implementation, monitoring, and coordination of e-NAM across the country. It works closely with the State Agricultural Marketing Boards, State Agricultural Marketing Federations, and other stakeholders to ensure the smooth functioning of the e-NAM platform.
Therefore, both statements 1 and 2 are correct. The National Agriculture Market (e-NAM) is a pan-India electronic trading portal, and the Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing e-NAM.
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
|
|
Top Courses for UPSCView all
Consider the following statements regarding National Agriculture Market (e-NAM): It is a pan-India electronic trading portal to create a unified national market for agricultural commodities. Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing e-NAM.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
Question Description
Consider the following statements regarding National Agriculture Market (e-NAM): It is a pan-India electronic trading portal to create a unified national market for agricultural commodities. Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing e-NAM.Which of the statements given above is/are correct?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 Consider the following statements regarding National Agriculture Market (e-NAM): It is a pan-India electronic trading portal to create a unified national market for agricultural commodities. Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing e-NAM.Which of the statements given above is/are correct?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 Consider the following statements regarding National Agriculture Market (e-NAM): It is a pan-India electronic trading portal to create a unified national market for agricultural commodities. Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing e-NAM.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
Consider the following statements regarding National Agriculture Market (e-NAM): It is a pan-India electronic trading portal to create a unified national market for agricultural commodities. Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing e-NAM.Which of the statements given above is/are correct?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 Consider the following statements regarding National Agriculture Market (e-NAM): It is a pan-India electronic trading portal to create a unified national market for agricultural commodities. Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing e-NAM.Which of the statements given above is/are correct?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 Consider the following statements regarding National Agriculture Market (e-NAM): It is a pan-India electronic trading portal to create a unified national market for agricultural commodities. Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing e-NAM.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
Solutions for Consider the following statements regarding National Agriculture Market (e-NAM): It is a pan-India electronic trading portal to create a unified national market for agricultural commodities. Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing e-NAM.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. 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 regarding National Agriculture Market (e-NAM): It is a pan-India electronic trading portal to create a unified national market for agricultural commodities. Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing e-NAM.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Consider the following statements regarding National Agriculture Market (e-NAM): It is a pan-India electronic trading portal to create a unified national market for agricultural commodities. Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing e-NAM.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Consider the following statements regarding National Agriculture Market (e-NAM): It is a pan-India electronic trading portal to create a unified national market for agricultural commodities. Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing e-NAM.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Consider the following statements regarding National Agriculture Market (e-NAM): It is a pan-India electronic trading portal to create a unified national market for agricultural commodities. Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing e-NAM.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Consider the following statements regarding National Agriculture Market (e-NAM): It is a pan-India electronic trading portal to create a unified national market for agricultural commodities. Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing e-NAM.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. 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