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_____________ is a price support mechanism for procurement of agricultural and horticultural commodities which are generally perishable in nature Public Distribution system.
  • a)
    Agricultural Marketing Infrastructure
  • b)
    National Agriculture Market
  • c)
    Market Intervention Scheme
  • d)
    Commodity Future Market
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
_____________ is a price support mechanism for procurement of agricult...
Market Intervention Scheme is a price support mechanism for procurement of agricultural and horticultural commodities which are generally perishable in nature Public Distribution system.
The basic objective of Market Intervention Scheme is to provide remunerative prices to the farmers in case of glut in production and fall in prices. Further, the Market Intervention Scheme is implemented on the specific requests of the State Government/UT Administrations willing to share the loss with Central Government on 50: 50 basis (75:25 in case of North-Eastern States).
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_____________ is a price support mechanism for procurement of agricultural and horticultural commodities which are generally perishable in nature Public Distribution system.a)Agricultural Marketing Infrastructureb)National Agriculture Marketc)Market Intervention Schemed)Commodity Future MarketCorrect answer is option 'C'. Can you explain this answer?
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