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?
Both 1 & 2
Correct AnswerNeither 1 nor 2
Incorrect AnswerExplanation:
- 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
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By: Vishal