Given below are two statements: one is labelled as Assertion (A) and the other is labelled as Reason (R).
Assertion (A): About 27,000 regulated market places need to be turned into rural periodic markets to realise the full potential of rural markets.
Reason (R): Regulation of markets was meant to create orderly and transparent marketing conditions.
In the light of the above statements, choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → (A) is false but (R) is true.
Assertion (A): About 27,000 regulated market places need to be turned into rural periodic markets to realise the full potential of rural markets. — False. The direction is reversed. About 27,000 rural periodic markets need to be developed as regulated market places, so that they too get orderly and transparent conditions.
Reason (R): Regulation of markets was meant to create orderly and transparent marketing conditions. — True. It was the first step among four government measures. By and large, it benefited farmers as well as consumers.
NCERT (2026-27): “5.4 Agricultural Market System … Let us discuss four such measures that were initiated to improve the marketing aspect. The first step was regulation of markets to create orderly and transparent marketing conditions. By and large, this policy benefited farmers as well as consumers. However, there is still a need to develop about 27,000 rural periodic markets as regulated market places to realise the full potential of rural markets. …” |