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Q.

The ____ is the agency for undertaking price support for pulses, oilseed and other products.


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Detailed Solution

The National Agricultural Cooperative Marketing Federation of India is an agency to provide price support for pulses, oilseeds, and other products.
The government buys food grains from the farmers to create a buffer stock. It does this to prevent shortages of food grains during an unforeseen natural calamity. The National Agricultural Cooperative Marketing Federation of India(NAFED) buys pulses, oilseed, and other products from the farmers and pays them a price higher than the market provides them. It is done to support the farmers by buying their products at a Minimum Support Price(MSP). The market price is often low, and farmers find it difficult to earn a living by selling their products at such a low price.
 
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