Question

MARKETFED owns or rents facilities to help with:

• A. Production and processing of manufactured goods
• B. Import and export of foreign currency
• C. Distribution of dairy products and textiles
• D. Purchase, storage and sales of agricultural and other products

Answer 1

Answer:

D. Purchase, storage and sales of agricultural and other products

MARKETFED:

• Kerala State Co-operative Marketing federation (MARKETFED)

• 1960 march 25

• Present Headquarters of MARKETFED – KOCHI

Origin:

• MARKETFED was started on December 24, 1942 as a Malabar District Wholesale Co-operative Store with an area of operation throughout the old Malabar District.

• In 1958, it was renamed as South Malabar District Supply and Marketing Society Ltd.

• In 1958 the Store was brought under Plan Scheme and converted into a Marketing Society on 10th August 1960.

• In 25-3-1960, it was again renamed as Kerala State Co-operative Marketing Federation with headquarters at Kozhikode.

• It is the apex institution of the Marketing co-operatives in Kerala

•  Now more than 600 primary marketing societies under this federation.

Origin:

• Started on December 24, 1942 as a Malabar District Wholesale Co- operative Store

• In 25-3-1960, it was again renamed as Kerala State Co-operative Marketing Federation with headquarters at Kozhikode.

Objectives:

• To arrange for the purchase, marketing and sale of agricultural produce belonging to its affiliated societies and their members to their best advantage to with the country and outside.

• To own or rent godowns, open sales depots and branch offices to facilitate the purchase, storage and sales, of agricultural and other producers.