Consider the following statements: 1. India is a member of the International Grains Council. 2. A country…
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 only
2 only
Both 1 and 2
Neither 1 nor 2
Solution
India is a member of the International Grains Council (IGC). However, IGC membership is not a prerequisite for trading in rice or wheat — many non-member countries export and import these grains.