Question

The system where the society purchases agricultural produce from the members by offering ruling market prices and payments made at the spot is known as

• A. Outright Purchase System
• B. Differential Price System
• C. Deferred Payment System
• D. Cooperative Marketing System

Answer 1

Answer:

A. Outright Purchase System

Outright Purchase System:

• In this system, the Society purchases agricultural produce from the members by offering ruling market prices. The payment is made in the spot.
• This system is followed by the Co-operative marketing societies with the objective of helping the farmers with limited market surplus.
• In outright purchase system payment is made at the time of - Purchase
• It is a blessing to the farmers they get full as well as better price at the time of sale its self. But the marketing Societies have to take the risk due to price fluctuation.