Consider the following statements : 1. India is a member of the International Grains Council. 2. 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?

QUESTION

Easy

Economy

Prelims 2024

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?

Select an option to attempt

Explanation

Statement 1: Correct. India is indeed a member of the International Grains Council (IGC).
Statement 2: Incorrect. Membership in the IGC is not a prerequisite for engaging in the rice and wheat trade. Countries that are not members can still export and import these grains. The IGC primarily serves as a forum for intergovernmental cooperation and policy discussion on grain trade.

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