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Consider the following statements with respect to the National Agriculture Market (e-NAM):
1. It is implemented by Small Farmers Agribusiness Consortium (SFAC).
2. It networks the existing APMC (Agriculture Produce Marketing Committee) mandis to create a unified national market for agricultural commodities.
3. Through e-NAM Farmers Producer Organisation (FPO) can trade their produce from their collection centre without bringing the produce to APMC.
Q. Which of the statements given above are correct?
  • a)
    1 and 2 only
  • b)
    2 and 3 only
  • c)
    1 and 3 only
  • d)
    1, 2 and 3
  • e)
    None of the above
Correct answer is option 'D'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements with respect to the National Agricu...
The correct answer is 1, 2 and 3.
In News -
  • During COVID-19, the e-NAM platform /mobile app. has been further strengthened by launching Farmers Producer Organisation (FPO) trading module in e-NAM where by FPOs can trade their produce from their collection centre without bringing the produce to APMC.
  • Additionally, Warehouse based trading module was also launched in e-NAM to facilitate trade from warehouses based on electronic-Negotiable Warehouse Receipt (e-NWR). Hence, statement 3 is correct.
Key Points
  • National Agriculture Market (NAM) is a pan-India electronic trading portal launched on 14th April 2016 completely funded by Central Government
  • It is a pan-India electronic trading portal that networks the existing APMC mandis to create a unified national market for agricultural commodities. Hence, statement 2 is correct.
  • 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. Hence statement 1 is correct.
  • Its vision is 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.
  • Additional Information
  • States (State Agriculture Marketing Boards) interested to integrate their APMCs /mandis with NAM are required to carry out the following reforms in their APMC Act.
  • Single trading license (Unified) to be valid across the state
  • Single point levy of market fee across the state; and
  • Provision for e-auction/ e-trading as a mode of price discovery
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Consider the following statements with respect to the National Agriculture Market (e-NAM):1. It is implemented by Small Farmers Agribusiness Consortium (SFAC).2. It networks the existing APMC (Agriculture Produce Marketing Committee) mandis to create a unified national market for agricultural commodities.3. Through e-NAM Farmers Producer Organisation (FPO) can trade their produce from their collection centre without bringing the produce to APMC.Q. Which of the statements given above are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3e)None of the aboveCorrect answer is option 'D'. Can you explain this answer?
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Consider the following statements with respect to the National Agriculture Market (e-NAM):1. It is implemented by Small Farmers Agribusiness Consortium (SFAC).2. It networks the existing APMC (Agriculture Produce Marketing Committee) mandis to create a unified national market for agricultural commodities.3. Through e-NAM Farmers Producer Organisation (FPO) can trade their produce from their collection centre without bringing the produce to APMC.Q. Which of the statements given above are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3e)None of the aboveCorrect answer is option 'D'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Consider the following statements with respect to the National Agriculture Market (e-NAM):1. It is implemented by Small Farmers Agribusiness Consortium (SFAC).2. It networks the existing APMC (Agriculture Produce Marketing Committee) mandis to create a unified national market for agricultural commodities.3. Through e-NAM Farmers Producer Organisation (FPO) can trade their produce from their collection centre without bringing the produce to APMC.Q. Which of the statements given above are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3e)None of the aboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements with respect to the National Agriculture Market (e-NAM):1. It is implemented by Small Farmers Agribusiness Consortium (SFAC).2. It networks the existing APMC (Agriculture Produce Marketing Committee) mandis to create a unified national market for agricultural commodities.3. Through e-NAM Farmers Producer Organisation (FPO) can trade their produce from their collection centre without bringing the produce to APMC.Q. Which of the statements given above are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3e)None of the aboveCorrect answer is option 'D'. Can you explain this answer?.
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