In India, markets in agricultural products are regulated under the

Answer

Agricultural Produce Market Committee Act enacted by States

(a) Essential Commodities Act, 1955: This Act deals with production, supply, distribution and price control of essential commodities, not the regulation of agricultural markets. Verdict: Incorrect.
(b) Agricultural Produce Market Committee Act enacted by States: Agricultural markets in India have traditionally been regulated through State APMC Acts, which govern mandis, market fees and sale of notified produce. Verdict: Correct.
(c) Agricultural Produce (Grading and Marking) Act, 1937: This is about grading and quality certification (AGMARK), not market regulation. Verdict: Incorrect.
(d) Food Products Order, 1956 and Meat and Food Products Order, 1973: These relate to standards/licensing of food products, not regulation of agricultural produce markets. Verdict: Incorrect.