MCQ
Agriculture Markets MCQ - Practice Questions with Answers
Solve 75 Agriculture Markets questions for RAS/RPSC preparation.
Practice questions
Q1Consider the following statements about State reforms required for e-NAM integration: 1. A single unified trading license valid across the State is one required reform. 2. Single-point levy of market fee across the State is one required reform. 3. Abolition of e-auction as a mode of price discovery is one required reform. Which of the statements given above are correct?
Statements 1 and 2 are correct: e-NAM requires a unified State-wide trading licence and single-point market-fee levy. Statement 3 is incorrect because the required reform is provision for e-auction/e-trading as price discovery, not its abolition.
Q2Consider the following statements: 1. e-NAM linked 1,656 mandis across 23 States and 4 Union Territories on its tenth-anniversary backgrounder. 2. The same corpus record states that 1.80 crore farmers were registered on e-NAM. 3. The same corpus record gives cumulative trade on e-NAM as ₹4.84 lakh crore. 4. The same corpus record states that e-NAM covered 1,656 mandis across 23 Union Territories and 4 States. Which of the statements given above are correct?
Statements 1, 2 and 3 are directly supported by the verified corpus fact. Statement 4 is a plausible reversal of the jurisdiction count: the corpus says 23 States and 4 UTs, not 23 UTs and 4 States.
Q3Consider the following statements about APMC mandis under e-NAM: 1. Buyers outside the mandi or state can participate in local-level trading through the online portal. 2. Transactions can remain on the books of the local mandi. 3. Local mandis necessarily stop earning market fee after joining e-NAM. Which of the statements given above are correct?
Statement 1 is correct because the FAQ says buyers outside the mandi or state can participate online. Statement 2 is correct because transactions remain on the books of the local mandi. Statement 3 is incorrect: the FAQ says mandis continue to earn market fee.
Q4Consider the following statements: 1. In ISAM, Grameen Bhandaran Yojana and AMIGS were subsumed into the Agricultural Marketing Infrastructure sub-scheme. 2. AMI is implemented by the Directorate of Marketing and Inspection. 3. During the XII Plan, AMI targeted 4,000 marketing infrastructure projects and storage capacity of 230 lakh tonnes. 4. AMI excluded storage infrastructure because it was limited to futures-market regulation. Which of the statements given above are correct?
Statements 1, 2 and 3 are directly supported by the AMI guidelines. Statement 4 is false because AMI explicitly covers marketing infrastructure and storage capacity; it is not a futures-market regulation scheme.
Q5Consider the following statements about Agriculture Markets: 1. e-NAM is a virtual market with physical mandi operations at the back end. 2. A 2021 e-NAM RFQ document recorded 1,000 APMCs integrated with e-NAM across 18 States and 3 Union Territories. 3. e-NAM is described as a physical market with no virtual component. Which of the statements given above are correct?
Statements 1 and 2 are correct from the 2021 e-NAM RFQ document. Statement 3 is false because the document explicitly calls e-NAM a virtual market with physical mandi operations at the back end.
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6Consider the following statements about the e-NAM portal: 1. It links mandis to a unified national market platform for electronic trading of agricultural commodities. 2. It supports digital gate entry, lot creation, quality assaying, online bidding, price discovery and direct electronic payments to farmers' bank accounts. 3. Sale proceeds under e-NAM are settled only in cash through commission agents. Which of the statements given above are correct?
7Consider the following statements: 1. The Model Agricultural Produce and Livestock Marketing Act, 2017 provided for private markets, direct marketing and farmer-consumer markets. 2. The same model Act included e-trading, single-point levy of market fee and a unified single trading licence in the State. 3. It also envisaged declaring warehouses, silos and cold storages as market sub-yards. 4. The model Act was released on 24 April 2018 for adoption by States and Union Territories. Which of the statements given above are correct?
8Consider the following statements: 1. The e-NAM mobile app was launched in October 2016 to complement the web portal. 2. e-NAM integrates multiple digital payment modes, including NEFT, RTGS, internet banking and UPI. 3. Within the e-NWR and e-NAM framework, farmers and FPOs can store produce in WDRA-accredited warehouses, obtain e-NWRs and sell directly on e-NAM. 4. e-NWRs are expressly barred from being used as collateral for institutional credit. Which of the statements given above are correct?
9Consider the following statements about e-NAM: 1. e-NAM is a pan-India electronic trading portal for agricultural commodities. 2. e-NAM creates a unified national market by networking existing APMC mandis. 3. e-NAM is a parallel marketing structure that replaces physical mandis. Which of the statements given above are correct?
10Consider the following statements about procurement support under PM-AASHA: 1. MIS is implemented on the request of the State or Union Territory Government. 2. MIS covers perishable agricultural or horticultural commodities when prices fall by at least 10 percent over the rates of the previous normal season. 3. Under PSS, procurement of notified pulses, oilseeds and copra is undertaken by Central Nodal Agencies such as NAFED and NCCF through State-level agencies directly from pre-registered farmers. 4. Tomato, onion and potato are procured under PSS at MSP because they are notified pulses and oilseeds. Which of the statements given above are correct?
11Consider the following statements: 1. The Warehousing (Development and Regulation) Act, 2007 came into force on 25 October 2010. 2. The Act prescribes the establishment of WDRA as the regulatory body under the Act. 3. The Act provides for negotiability of warehouse receipts, including electronic format. 4. WDRA was constituted by the Securities Contracts (Regulation) Act, 1956. Which of the statements given above are correct?
12Consider the following statements: 1. The Government, not CACP itself, fixes MSPs for mandated crops after considering CACP recommendations and other inputs. 2. Oilseeds, pulses and copra of FAQ are procured under PSS of PM-AASHA when their market prices fall below MSP. 3. Farmers are free to sell their produce either to Government procurement agencies at MSP or in the open market, whichever is advantageous. 4. Cotton and jute MSP procurement is done through NAFED and NCCF under PM-AASHA. Which of the statements given above are correct?
13Consider the following statements: 1. In the e-NWR and e-NAM framework, farmers, traders and FPOs can store produce in WDRA-accredited warehouses and obtain e-NWRs. 2. The e-NWR system certifies ownership of commodities stored in WDRA-accredited warehouses. 3. e-NWR facilitates trading of commodities without physical movement. 4. e-NWRs eliminate the need for any quality-based trading or grading of stored produce. Which of the statements given above are correct?
14Consider the following statements about Electronic Negotiable Warehouse Receipts (e-NWRs): 1. The e-NWR system and the WDRA web portal were launched in New Delhi on 26 September 2017. 2. WDRA initiatives included creation and management of Negotiable Warehouse Receipts in electronic form through two repositories. 3. e-NWRs were introduced despite retaining the possibility of tampering, mutilation and multiple financing. 4. e-NWRs facilitate pledge financing by banks and smooth trading on commodity exchanges, e-NAM and other electronic platforms. Which of the statements given above are correct?
15Consider the following statements about Agriculture Markets: 1. APMC means the Agricultural Produce and Livestock Market Committee established under the APLM Act. 2. An APMC yard can include warehouse, silos, pack-house, cleaning, grading, packaging and processing units within the defined market area. 3. An APMC yard is only an online portal and has no place in a physical market area. Which of the statements given above are correct?