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‘BSE E-Agriculture Markets Ltd’ (BEAM)

Published on December 15, 2020
Current Context: The Bombay Stock Exchange (BSE) launched ‘BSE E-Agriculture Markets Ltd’ (BEAM).
‘BSE E-Agriculture Markets Ltd’ (BEAM)
  • BEAM is an electronic spot platform which is launched for agricultural commodities.
  • It is launched through its subsidiary BSE Investment Ltd.
  • BEAM aims to strengthen the competitiveness of the agriculture market of India by enhancing the strength of BSE in the finance sector, market technology and its vibrant ecosystem.
  • BEAM will be a platform which will serve at the national level and will be an institutionalized, electronic and transparent commodity spot trading mode platform which will develop a ‘single market’ mechanism, the vision of Prime Minister.
  • It will offer sports transactions of Agri commodities across value chains which will include producers, intermediaries and customers.
  • It is based on state-of-the-art technology to offer solutions to farmers, traders and stakeholders which will help them to sell or purchase Agri commodities in an efficient manner.
  • BEAM will also help to cut the cost of intermediation along with improvement in procurement activities. It will also reduce obstructions in procurement and trading processes.
  • BEAM platform will allow farmers to auction their yields and to serve other markets outside their states. 
  • Static Part: 
    • MD and CEO of BSE: Ashishkumar Chauhan

Question: 

Q.1 What does ‘A’ signifies in BEAM, which is an electronic spot platform launched by BSE?
a. Across
b. Aspirational
c. Agriculture 
d. Automatic
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