economics medium Fill in the Blank

The National Agricultural Cooperative Marketing Federation of India Ltd, commonly known as ___, is the apex body of cooperative marketing societies in India and plays a crucial role in price support operations for pulses and oilseeds.

  1. NAFED
  2. Lewis
  3. negative
  4. 3.5

Answer: NAFED

Established in 1958, NAFED acts as the central nodal agency for implementing the Price Support Scheme (PSS) under PM-AASHA. When market prices for pulses, oilseeds, and copra fall below the Minimum Support Price (MSP), NAFED steps in to procure these commodities directly from farmers, thereby protecting them from distress sales and ensuring food security buffer stocks.

Topic Indian Economy - Agriculture
Exam Relevance SSC, Railway, UPSC
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