Which of the following statements is not correct with regard to national agricultural market?

Question

Question

This question was previously asked in

RPF SI (2018) Official Paper (Held On : 12 Jan 2019 Shift 3)

Answer 1

The correct answer is It offers several licenses for different states.

Key Points

The National Agricultural Market (eNAM) is a pan-India electronic trading portal that networks the existing APMC mandis to create a unified national market for agricultural commodities.
eNAM was launched by the Government of India in April 2016, not 2015. However, the groundwork for it was laid in earlier years.
It offers a common e-market platform for all the states, thereby eliminating the need for multiple licenses for different states.
It facilitates better price discovery through a transparent auction process based on quality of produce, along with timely online payment.
eNAM also provides for electronic auctioning to ensure transparency and competitiveness in trade transactions.

Additional Information

Common e-market platform
- eNAM offers a unified platform for trading agricultural commodities across India.
- This helps in reducing the role of middlemen and provides farmers with better prices for their produce.
Electronic auction
- The electronic auction system ensures fair and transparent trading.
- It helps in price discovery based on the quality and demand of the produce.