Question

Consider the following statements.
1. There are nearly 300 agriculture market yards in Andhra Pradesh.
2. Nearly one fourth of farm products are traded in them.
Which of the above statements is/ are wrong?
A) 1 only
B) 2 only
C) Both 1 and 2
D) Neither 1 nor 2

Answer 1

Hint:
Agricultural marketing in India has four major systems in India. These include sales in villages, sales in markets, sales in mandis or market yards and through co- operative marketing. This question discusses the sales in the agricultural market yards.

Complete Step by Step Answer:
Agricultural Marketing is the buying and selling of the agricultural produce. It continues to be the main source of income for the majority of the Indian population. It contributes to around 25% of the Gross Domestic Product of the country and employs around 65% of the workforce available in the country.
Sales in agricultural market yards involves selling the surplus produce through mandis or market yards located in various small and large towns and even in cities. There are numerous agricultural market yards which are spread all over the country. The number of these yards is around 1700 out of which 300 are present in the state of Andhra Pradesh.
Thus, we can say that statement 1 is true.
Statement 2 states that around one- fourth of the farm produce of the state is traded in the agricultural market yards. Thus statement 2 is also true.
Neither statement 1 nor statement 2 is false.

Thus, the correct answer is D.

Note:
Generally, the market yards are located in distant places, and thus the farmers have to carry their produce to the market yards and sell their produce to the wholesalers. These wholesalers further sell these farm produce to various mills, factories and the retailers at a higher price who in turn sell these goods to the consumers in retail markets directly.