National Agriculture Market Scheme
Question
What is/are the advantage/advantages of implementing the 'National Agriculture Market' scheme?
Select the correct answer using the code given below:
Options
1 only
2 only
Both 1 and 2
Neither 1 nor 2
Explanation
Both statements correctly describe the National Agriculture Market (eNAM) scheme, launched by the Government of India in 2016. Statement 1 is accurate: eNAM is indeed a pan-India electronic trading portal that connects agricultural produce markets across the country, enabling online trading of agricultural commodities. Statement 2 is also correct: by providing farmers access to a nationwide market platform, the scheme allows them to receive prices reflecting the quality of their produce rather than being restricted to local buyers. This addresses market fragmentation and information asymmetry that previously disadvantaged farmers. > Key Insight: eNAM connects Indian farmers to nationwide e-markets, breaking geographical constraints and enabling quality-based price discovery. Both benefits are fundamental to the scheme's design. Answer: (c).
Question details
Year
2017
Paper
GS Paper 1
Question
Q33
Subject
Economy
Sub-topic
Agricultural markets and e-trading platforms
Type
Statement-based
Difficulty
Easy
Nature
Current-affairs-linked
Source hint
Current Affairs 2016
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