Q33. What is/are the advantages/advantages of implementing the ‘National Agriculture Market’ scheme?
It is a pan-India electronic trading portal for agricultural commodities.
It provides the farmer’s access to the nationwide market, with prices commensurate with the quality of their produce.
Select the correct answer using the code given below: a) 1 only b) 2 only c) Both 1 and 2 d) Neither 1 nor 2
The correct answer is Both 1 and 2.
National Agriculture Market:
The National Agriculture Market connects the existing APMC mandis to form a unified national agricultural commodity market.
It is an electronic trading portal for agricultural commodities that operates across India. Hence, statement 1 is correct.
It gives farmers access to a nationwide market at prices that are commensurate with the quality of their produce. Essentially, it provides a platform for purchasing at lower prices. Hence, Statement 2 is also correct.
The Centre launched it in 2015.
NAM also promotes the scientific storage and movement of agricultural goods.