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Consider the following statements about the National Cooperative Marketing Federation of India Limited (NAFED).
1. NAFED promotes the inter-state trade as well as export of certain agricultural commodities to many foreign countries.
2. NAFED is responsible for the movement of the essential commodities from surplus areas to scarcity areas.
Which of the statements given above is/are correct?
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- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
Correct Option: C
National cooperation marketing federation of India limited NAFED promotes cooperative marketing, promotes the inter-state trade as well as export of certain agriculture commodities to many foreign countries. It is responsible in stabilizing prices of commodities and thus responsible for the movement of the essential commodities from surplus areas to scarcity areas.
