UPSC PRELIMS · ECONOMICS · INTERNATIONAL ECONOMY: FOOD TRADE

Consider the following statements: 1. India is a member of the International Grains Council. 2. Membership of the International Grains Council is necessary for a country to export or import rice and wheat. Which one of the following is correct?

Take a breath. Choose one. Press A–D on your keyboard if you like.

EXPLANATION

India is a member of the International Grains Council. Membership is not a prerequisite for a country to export or import rice and wheat, so Statement 2 is incorrect.

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