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When was the establishment of agricultural production markets?
1964
1975
1987
1988
1964
The establishment of agricultural production markets in India took place in 1964, aimed at enhancing the agricultural sector's efficiency and supporting farmers by providing them with better access to markets and fair prices.
The establishment of agricultural production markets in India took place in 1964, aimed at enhancing the agricultural sector's efficiency and supporting farmers by providing them with better access to markets and fair prices.
The Agricultural Produce Market Committee (APMC) Act, which led to the establishment of these markets, was enacted in various states after 1964.
These markets were designed to reduce the role of middlemen and ensure better pricing for agricultural products.
The concept of regulated markets aimed to create a more structured agricultural marketing system.
Important factual detail 1: The APMC Act promoted the setting up of market yards in rural areas.
Important factual detail 2: This initiative was part of the Green Revolution effort to boost agricultural productivity in India.
Wrong options explanation: Option B (1975) was a period of further policies on agriculture but did not mark the establishment of production markets. Option C (1987) and Option D (1988) continued the evolution of market reforms but were not the initial establishment.
A is correct тАФ The agricultural production markets were established in 1964 as part of a major policy initiative.
Understanding the establishment of agricultural markets connects with broader topics in the Indian economy, especially during the Green Revolution and subsequent agricultural policies.