Prelims 2024 · Economy · Question 39
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?
Answer
1 only
1. India is a member of the International Grains Council. India is indeed a member of the International Grains Council (IGC), an intergovernmental body on grains trade and cooperation. Verdict: Correct.
2. A country needs to be a member of the International Grains Council for exporting or importing rice and wheat. IGC membership is not a mandatory condition for international trade in rice or wheat; countries can export/import these commodities without being members. Verdict: Incorrect.
Therefore, only statement 1 is correct.