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With reference to the National Agricultural Cooperative Marketing Federation of India Ltd (NAFED), consider the following statements:
- It is an organization which helps in marketing agricultural produce in India.
- It works under the Union Ministry of commerce.
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 'A'. Can you explain this answer?
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Most Upvoted Answer
With reference to the National Agricultural Cooperative Marketing Fede...
Recently, the Union Minister for Agriculture and Farmers Welfare has directed NAFED to contribute to and promote the 'International Year of the Millet' 2023 on a global scale.
- NAFED is an apex organization of marketing cooperatives for agricultural produce in India.
- It was founded on 2 October 1958 to promote the trade of agricultural produce and forest resources across the nation.
- It is registered under Multi State Co-operative Societies Act.
- With its headquarters in New Delhi, NAFED has four regional offices in Delhi, Mumbai, Chennai and Kolkata, apart from 28 zonal offices in capitals of states and important cities.
- It is the nodal agency to implement price stabilization measures under "Operation Greens" which aims to double the farmers' income by 2022.
- Nodal Ministry: Ministry of Agriculture
Hence only statement 1 is correct.
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With reference to the National Agricultural Cooperative Marketing Fede...
NAFED, or the National Agricultural Cooperative Marketing Federation of India Ltd, is a cooperative organization that plays a crucial role in marketing agricultural produce in India. Let's analyze the given statements to determine their correctness.
Statement 1: It is an organization which helps in marketing agricultural produce in India.
This statement is correct. NAFED was established in 1958 with the aim of promoting cooperative marketing of agricultural produce and providing support to farmers. It facilitates the marketing of various agricultural commodities like pulses, oilseeds, spices, fruits, vegetables, etc. NAFED procures these commodities directly from the farmers, aggregates them, and then sells them in the market through various channels. It ensures that farmers receive fair prices for their produce and helps in stabilizing prices in the agricultural market.
Statement 2: It works under the Union Ministry of Commerce.
This statement is incorrect. NAFED does not work under the Union Ministry of Commerce. Instead, it operates under the administrative control of the Ministry of Agriculture and Farmers Welfare. The Ministry of Agriculture is responsible for formulating and implementing policies and programs for the development and welfare of farmers in India. NAFED works closely with the Ministry to fulfill its objectives and contribute to the agricultural marketing sector.
In conclusion, only statement 1 is correct, and statement 2 is incorrect. NAFED is an organization that assists in marketing agricultural produce in India, but it operates under the Ministry of Agriculture and Farmers Welfare, not the Ministry of Commerce.
Statement 1: It is an organization which helps in marketing agricultural produce in India.
This statement is correct. NAFED was established in 1958 with the aim of promoting cooperative marketing of agricultural produce and providing support to farmers. It facilitates the marketing of various agricultural commodities like pulses, oilseeds, spices, fruits, vegetables, etc. NAFED procures these commodities directly from the farmers, aggregates them, and then sells them in the market through various channels. It ensures that farmers receive fair prices for their produce and helps in stabilizing prices in the agricultural market.
Statement 2: It works under the Union Ministry of Commerce.
This statement is incorrect. NAFED does not work under the Union Ministry of Commerce. Instead, it operates under the administrative control of the Ministry of Agriculture and Farmers Welfare. The Ministry of Agriculture is responsible for formulating and implementing policies and programs for the development and welfare of farmers in India. NAFED works closely with the Ministry to fulfill its objectives and contribute to the agricultural marketing sector.
In conclusion, only statement 1 is correct, and statement 2 is incorrect. NAFED is an organization that assists in marketing agricultural produce in India, but it operates under the Ministry of Agriculture and Farmers Welfare, not the Ministry of Commerce.
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With reference to the National Agricultural Cooperative Marketing Federation of India Ltd (NAFED), consider the following statements: It is an organization which helps in marketingagricultural produce in India. It works under the Union Ministry of commerce.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 'A'. Can you explain this answer?
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