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 correc

examrobotsa's picture
Q: 97 (IAS/2024)
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_subject: 

Economics

question_exam: 

IAS

India is indeed a member of the International Grains Council (IGC). However, membership in the IGC is not a prerequisite for countries to export or import grains like rice and wheat. The organization's membership helps facilitate international trade, but it doesn't regulate or mandate trade requirements.