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UPSC Exams UPSC-CSE Prelims (GS) Economics 2015 Paper-1 +2 -0.67 Medium
In India, markets in agricultural products are regulated under the
Correct Answer: B. Agricultural Produce Market Committee Act enacted by States
Explanation: The markets in agricultural products in India are regulated under the Agricultural Produce Market Committee Act enacted by States. This Act is the primary legislation enacted by state governments to manage and regulate agricultural markets. Agriculture being a state subject under the Constitution, the entire geographical area of a state is divided into market areas (mandis) controlled by Market Committees formed by the respective states. These committees regulate the buying and selling of agricultural produce to ensure fair prices for farmers and consumers. Hence, the correct answer is (b) Agricultural Produce Market Committee Act enacted by States
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