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Q33·GS Paper 1 · Prelims 2017

National Agriculture Market Scheme

EconomyAgricultural markets and e-trading platformsStatement-basedEasyCurrent-affairs-linked

Question

What is/are the advantage/advantages of implementing the 'National Agriculture Market' scheme?

1It is a pan-India electronic trading portal for agricultural commodities.
2It provides the farmers access to nationwide market, with prices commensurate with the quality of their produce.

Select the correct answer using the code given below:

Options

a

1 only

b

2 only

c

Both 1 and 2

Answer
d

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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