UPSC Prelims 2015·GS1·economy·economic sectors and development

In India, markets in agricultural products are regulated under the

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  1. AEssential Commodities Act, 1955
  2. BAgricultural Produce Market Committee Act enacted by StatesCorrect
  3. CAgricultural Produce (Grading and Marking) Act, 1937
  4. DFood Products Order, 1956 and Meat and Food Products Order, 1973

Explanation

In India, the marketing of agricultural produce is primarily regulated by the Agricultural Produce Market Committee (APMC) Act. These Acts are enacted by individual State Governments. Under these Acts, various agricultural commodities are notified, and specific market areas are designated where trading of these commodities can take place through regulated market yards (mandis). The APMCs are responsible for regulating the sale and purchase of agricultural produce, ensuring fair trade practices, and collecting market fees. Other acts mentioned have different purposes: the Essential Commodities Act, 1955 deals with control over production, supply, and distribution; the Agricultural Produce (Grading and Marking) Act, 1937 deals with quality standards; and the Food Products Order, 1956 and Meat and Food Products Order, 1973 relate to food processing standards.
economy: In India, markets in agricultural products are regulated under the

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