Which of the following statements is incorrect regarding the Agricultural markets and its regulations?
A. Agricultural markets in the country are regulated by the Central Agricultural Produce Marketing Committee (APMC) laws.
B. Under the state APMC Acts, farmers are required to sell their produce at state-owned mandis.
C. Agricultural markets in the country are regulated by the State Agricultural Produce Marketing Committee (APMC) laws.
D. APMC mandis currently levy a market fee on farmers who wish to sell their produce in the mandis.
Answer:C
Which of the following statements is incorrect regarding the Agricultural markets and its regulations?
A. Agricultural markets in the country are regulated by the Central Agricultural Produce Marketing Committee (APMC) laws. B. Under the state APMC Acts, farmers are required to sell their produce at state-owned mandis. C. Agricultural markets in the country are regulated by the State Agricultural Produce Marketing Committee (APMC) laws. D. APMC mandis currently levy a market fee on farmers who wish to sell their produce in the mandis.
Explanation: Agricultural markets in the country are regulated by state Agricultural Produce Marketing Committee (APMC) laws. Under these state Acts, farmers are required to sell their produce at state-owned mandis. Over the years, several issues have been highlighted in this system. For instance, APMC mandis currently levy a market fee on farmers who wish to sell their produce in the mandis. This makes it expensive for farmers to sell at APMC mandis. In addition, farmers have to arrange for their produce to be transported from their farms to the nearest mandi, which brings in costs such as transport and fuel. In transporting the produce from the farm to the store, several intermediaries are involved. These intermediaries are all paid a certain