Question : The e-NAM (National Agricultural Market) platform was launched by the Indian government to facilitate:
Option 1: Online agricultural commodity trading
Option 2: Farmer producer organizations (FPOs)
Option 3: Crop insurance for farmers
Option 4: Rural electrification
Correct Answer: Online agricultural commodity trading
Solution : The correct answer is (a) Online agricultural commodity trading.
The e-NAM platform is an online platform that connects agricultural markets (mandis) across the country to create a unified national market for agricultural commodities. It aims to provide farmers with a transparent and efficient system for selling their produce and enable buyers to access a wider range of agricultural commodities from different regions.
Through the e-NAM platform, farmers can register and upload details of their produce, including quantity and expected price, for sale. The platform provides transparent price discovery, eliminates middlemen, and enables farmers to receive fair prices for their produce. It also facilitates online bidding and allows buyers to purchase agricultural commodities directly from farmers.
The e-NAM platform promotes a competitive market environment, reduces transaction costs, enhances market access for farmers, and improves price realization for their agricultural produce. It aims to create a more efficient and integrated agricultural marketing system in the country.
Question : The National Agriculture Market (e-NAM) is an online trading platform for which type of agricultural produce?
Option 1: Fruits and vegetables
Option 2: Cereals and pulses
Option 3: Milk and dairy products
Option 4: Horticultural crops
Question : The Agricultural Produce Market Committee (APMC) is responsible for:
Option 1: Implementing crop insurance schemes
Option 2: Providing financial assistance to farmers
Option 3: Regulating agricultural marketing in specified areas
Option 4: Promoting organic farming practices
Question : Which institution in India provides long-term credit to farmers for agricultural activities?
Option 1: National Bank for Agriculture and Rural Development (NABARD)
Option 2: Reserve Bank of India (RBI)
Option 3: Agricultural Insurance Corporation of India (AIC)
Option 4: Small Industries Development Bank of India (SIDBI)
Question : The Securities and Exchange Board of India (SEBI) is responsible for:
Option 1: Regulating and supervising the capital market
Option 2: Regulating and supervising the money market
Option 3: Regulating and supervising the insurance market
Option 4: Regulating and supervising the commodity market
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