Q: In, India, markets in agricultural products are regulated under the
a) Essential Commodities Act, 1955
b) Agricultural Produce Market Committee Act enacted by States
c) Agricultural Produce (Grading and Marking. Act, 1937
d) Food Products Order, 1956 and Meat and Food Products Order, 1973
The correct answer is Option 2.
Agricultural Produce Market Committee:
- The notified agricultural produce and livestock are regulated by the State Government.
- Agriculture is included as a state subject in Schedule 7 of the Indian Constitution.
- The entire geographical region of the State is divided and declared as a market area (Yard Mandis), with the markets controlled by Market Committees formed by the State Governments. Therefore, In, India, markets in agricultural products are regulated under the Agricultural Produce Market Committee. Hence, Option 2 is correct.
- No individual or organisation is permitted to engage in wholesale marketing operations after a certain area is designated as a market area and comes under the purview of a Market Committee.
- To transact, buyers must also get unique licences from each APMC.
- It is a component of government policy aimed at ensuring food security, paying farmers a fair price, and providing fair prices to consumers.
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