Agriculture Markets MCQ — 74 Practice Questions with Answers

Q1. Consider 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?

Q2. Consider 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?

Q3. Consider 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?

Q4. Consider the following statements about futures markets in agriculture: 1. Price discovery and price risk management are major objectives of futures markets. 2. Futures contracts are non-standard, privately negotiated contracts with no exchange trading. 3. Farmers can benefit from futures-market price signals even if they do not directly participate in futures markets. 4. A farmer can never deliver the crop directly on the exchange platform under a futures contract. Which of the statements given above are correct?

Q5. Consider the following statements about e-NAM's digital features: 1. The portal supports digital gate entry, lot creation, quality assaying, online bidding, price discovery and direct electronic payments. 2. Under e-NAM e-payment, sale proceeds are directly transferred to traders' registered bank accounts after the trade. 3. The live dashboard gives insights into commodity-wise trade volumes, mandi-level price trends, stakeholder registrations and inter-state trade flows. 4. The e-NAM interface is officially limited to only Hindi and English. Which of the statements given above are correct?