Q. With respect to Indian Agriculture, consider the following statements:

Which of the statements given above is/are correct?

1 only

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2 only

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Both 1 and 2

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Neither 1 nor 2

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Solution

The correct option is A 1 only
Explanation:

Statement 1 is correct. Negotiable Warehouse Receipt (NWR) can be used as collateral for securing loans from banks.

Statement 2 is incorrect. Very few states have enacted APMC acts in their state in line with the model APMC Act proposed by the central government.

NOTE: As agriculture is a state subject, the central government cannot enact a law to regulate APMC mandis in states.

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Q. With respect to Indian Agriculture, consider the following statements: Which of the statements given above is/are correct?

Q. With respect to Indian Agriculture, consider the following statements:

Which of the statements given above is/are correct?