In India, markets in agricultural products are regulated under the

Option (B) is correct because agriculture is a State subject under the Seventh Schedule of the Constitution, and states regulate the buying and selling of agricultural produce through their respective Agricultural Produce Market Committee (APMC) Acts. While the Essential Commodities Act, 1955 (Option A) is a tempting choice, it focuses on controlling the supply, distribution, and pricing of specific goods to prevent hoarding rather than the structural regulation of market yards. The core concept tested is the constitutional division of powers and the specific legislative framework governing agricultural marketing in India.