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 ?
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 ?
- A. 1 only
- B. 2 only
- C. Both 1 and 2
- D. Neither 1 nor 2
Answer: A
Explanation
Statement 1 is correct. India is indeed a member of the International Grains Council (IGC), an intergovernmental organization established in 1949 to promote cooperation in the global grains trade. Statement 2 is incorrect. Membership in the IGC is not a mandatory requirement for a country to engage in the export or import of rice and wheat. Global trade in these commodities occurs irrespective of IGC membership, although members benefit from information sharing and policy discussions. Therefore, only statement 1 is correct. This question tests knowledge of international organizations and global trade mechanisms.