Question
GSEasyPrelims 2024Economy

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?

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.

Trusted by 2L aspirants

Practice UPSC Prelims PYQs Smarter

Practice Now
  • Track accuracy & weak areas
  • See past trends & repeated themes
Start Practicing Now

PYQs by Papers

Most repeated Topics from Economy in Last 5 years

Repeated Topics
Questions in Last 5 Years
Finance and Financial Markets27 (34%)
Money, Banking and Monetary Policy16 (20%)
Public Finance in India11 (14%)
Infrastructure and Investment Models in India9 (11%)
Services and Digital Economy9 (11%)

Crack UPSC with your
Personal AI Mentor

An AI-powered ecosystem to learn, practice, and evaluate with discipline

SuperKalam
SuperKalam is your personal mentor for UPSC preparation, guiding you at every step of the exam journey.

Download the App

Get it on Google PlayDownload on the App Store
Follow us

ⓒ Snapstack Technologies Private Limited