In India, markets in agricultural products are regulated under the
[amp_mcq option1=”Essential Commodities Act, 1955″ option2=”Agricultural Produce Market Committee Act enacted by States” option3=”Agricultural Produce (Grading and Marking) Act, 1937″ option4=”Food Products Order, 1956 and Meat and Food Products Order, 1973″ correct=”option2″]
This question was previously asked in
UPSC IAS – 2015
In India, markets in agricultural products are primarily regulated under the Agricultural Produce Market Committee (APMC) Act enacted by the respective State Governments.
The APMC Acts establish market areas (mandis) where agricultural produce can be bought and sold. The state governments have the authority to regulate the functioning of these markets, including market fees, licensing of traders, and market infrastructure.