Provisions of APMC Act - Budget & Economic Survey

Q.  Which of the following statement / s is / are correct?

1) The APMC Act provides that first sale of produced agricultural commodities can be conducted only under the aegis of the APMC through the commission agents licensed by the APMCs set up under the Act.

2) Agriculture being in state list, the revenue earned by the APMCs goes to the State exchequer.
- Published on 06 Aug 15

a. Only 1
b. Only 2
c. Both 1 and 2
d. None of the above

ANSWER: Only 1
 
Though the market fee is collected just like a tax, the revenue earned by the APMCs does not go to the State exchequer and hence does not require the approval of State legislature to utilize the funds so collected. Thus APMC operations are hidden from scrutiny.

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