Multiple Choice Questions on Consider the following statements with reference to recently launched initiative Agriota E Marketpla........... for UPSC Civil Services Examination (General Studies) Preparation

Back to Main Page

Multiple Choice Questions

Consider the following statements with reference to recently launched initiative Agriota E Marketpla...........

Economic Affairs Agricultural Marketing and Prices
  • 520 views
Add to Study Deck Download Solution PDF

Consider the following statements with reference to recently launched initiative Agriota E-Marketplace

  1. It is an E-market agricultural commodity trading platform launched by NITI Aayog in collaboration with FAO Regional Office for Asia and Pacific.
  2. The platform uses blockchain technology to connect Indian farmers with food processing companies, traders and wholesalers in the UAE.

Select the correct statement.

1 only

Incorrect Answer

2 only

Correct Answer

Both

Incorrect Answer

None

Incorrect Answer
छोटे Courses बड़े Results
Master Agricultural Marketing and Prices
Prepare through Micro-courses
Try Now
Explanation:
  • The Dubai Multi Commodities Centre (DMCC) free zone has launched an Agriota E-Marketplace to connect millions of rural Indian farmers to the UAE’s food industry, while eliminating middlemen.
  • The portal was jointly developed with CropData Technology, an Indian company that aids marginal and small farmers.
  • The platform uses blockchain technology to connect farmers with different entities in the UAE including food processing companies, traders and wholesalers. It will initially offer cereals, pulses, oil seeds, fruits, vegetables, spices and condiments.

Hence only statement 2nd is correct.

Let's Discuss

Master
Agricultural Marketing and Prices
With abhipedia
Micro Courses
Try Now
What our students have to say
Download Abhipedia Android App

Access to prime resources

Downlod from playstore
download android app download android app for free