CURRENT AFFAIRS

2021

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The union government of India made Central Nodal Agencies like NAFED and FCI striving to assure better returns for the farmers. When was NAFED founded?

A	2 October 1962
B	2 October 1956
C	2 October 1968
D	2 October 1958

Explanation:

Detailed explanation-1: -(NAFED) was established on the auspicious day of Gandhi Jayanti on 2nd October 1958.

Detailed explanation-2: -Business Consortium (SFAC) are the central agencies for procurement of oilseeds & pulses. However, NAFED is also an additional central agency for procurement of cotton, in addition to Cotton Corporation of India (CCI), under the DAC.

Detailed explanation-3: -What is NAFED? National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) is an apex organization of agricultural produce marketing cooperatives. It is registered under the Cooperative Societies Act and is one of the largest procurers as well as marketing agency of agricultural products in India.

Detailed explanation-4: -NAFED has three tier-structure with Nafed at the top of the tier, primary cooperative marketing/ processing societies at the bottom and state level marketing/tribal/commodity federations at the middle.

There is 1 question to complete.