Multiple Choice Questions on With reference to NAM consider following statements It is a pan India electronic trade portal t........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

With reference to NAM consider following statements It is a pan India electronic trade portal t...........

Economic Affairs Agricultural Marketing and Prices
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    With reference to NAM, consider following statements

    1. It is a pan-India electronic trade portal to facilitate farmers, traders and buyers with online trading in agricultural commodities.
    2. Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing e-NAM under the aegis of Ministry of Agriculture and Farmers’ Welfare, Government of India.
    3. Its vision is to promote uniformity in agriculture marketing by streamlining of procedures across the integrated markets.

    Select the correct statement.

    1&2 only

    Incorrect Answer

    2&3 only

    Incorrect Answer

    1&3 only

    Incorrect Answer

    All of the above

    Correct Answer
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    Explanation:
    • It is an initiative of Ministry of Agriculture was launched in 2016.
    • It is a pan-India electronic trade portal to facilitate farmers, traders and buyers with online trading in agricultural commodities.
    • It networks the existing APMC mandis all over India in order to create a unified national market for agricultural commodities.
    • The market facilitates farmers, traders and buyers with online trading in commodities.
    • Small Farmers Agribusiness Consortium (SFAC) is the lead agency for implementing e-NAM under the aegis of Ministry of Agriculture and Farmers’ Welfare, Government of India.
    • Vision of National Agricultural Market (NAM): To promote uniformity in agriculture marketing by streamlining of procedures across the integrated markets.

    By: Shubham Tiwari
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