Consider the following statements:
- India is a member of the International Grains Council.
- A country needs to be a member of the International Grains Council for exporting or importing rice and wheat.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Correct Answer: (a) 1 only
Explanation:
- Statement 1 is correct. India is a member of the International Grains Council.
- Statement 2 is incorrect. Membership in the International Grains Council is not a requirement for exporting or importing rice and wheat.
Possible Sources: Official documents from the International Grains Council and trade policies.