UPSC CSE Prelims
Question 49
In India, markets in agricultural products are regulated under the
View correct answer and explanation
Correct answer: B
Correct Option: B
Explanation: Agricultural commodity markets have traditionally been regulated through state Agricultural Produce Market Committee (APMC) laws governing notified market yards and transactions.
Option-wise Analysis:
A: Incorrect - The Essential Commodities Act addresses supply, stock and price control of essential goods, not the main mandi regulatory framework.
B: Correct - State APMC Acts set rules for regulated agricultural produce markets.
C: Incorrect - The 1937 Act governs grading and marking (AGMARK), not market-yard regulation.
D: Incorrect - Food-products and meat-orders concern product processing/quality controls, not APMC market rules.