Consider the following statements about E NAM National Agriculture Market ndash 1 Its...........

Economic Affairs Agricultural Marketing and Prices

Consider the following statements about E-NAM (National Agriculture Market) –

1. Its aim is to provide a common e-platform for trading and transactions to farmers.

2. Application of e-NAM has resulted in increase in whole sale prices of commodities and thus increasing farmers’ income.

Which of the statement given above is / are correct?

1 only

2 only

Both 1 & 2

Neither 1 nor 2

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Explanation:

- Statement 1: E-NAM aims to provide a unified online platform for trading agricultural products, helping farmers get better prices by connecting them to a wider marketplace. Correct.

- Statement 2: E-NAM promotes transparency and competition, which can help in discovering better prices but saying it definitely increases wholesale prices may not always be true; it focuses more on fair price discovery rather than always raising prices. So, the impact on wholesale prices is indirect and not guaranteed. Partially Incorrect.

Correct answer: Option 1, 1 only