BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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National Agriculture Management
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National Agriculture Market
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National Agriculture Money
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National Agency Market
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Detailed explanation-1: -National Agriculture Market (eNAM) is a pan-India electronic trading portal which networks the existing APMC mandis to create a unified national market for agricultural commodities.
Detailed explanation-2: -National Agriculture Market (NAM) is a pan-India electronic trading portal launched on 14th April, 2016 completely funded by Central Government and implemented by Small Farmers Agribusiness Consortium (SFAC).
Detailed explanation-3: -The market is helping traders and exporters in procuring quality products in bulk, at one place and ensure transparent financial transactions. The Government plans to connect over 22, 000 GrAMs, local farmers markets, with the platform.
Detailed explanation-4: -Agricultural Produce Market Committees (APMC) is the marketing board established by the state governments in order to eliminate the exploitation incidences of the farmers by the intermediaries, where they are forced to sell their produce at extremely low prices.
Detailed explanation-5: -For ensuring nationwide market access and remunerative prices to farmers, e-NAM (National Agriculture Market) has been one of the measures facilitating the farmers to sell their produce without barriers and at the best prices.