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 ?
A
1 only
Correct Answer
B
2 only
C
Both 1 and 2
D
Neither 1 nor 2
Explanation
India is a member of the International Grains Council (IGC), an intergovernmental body that oversees the Grains Trade Convention, making Statement 1 correct. Statement 2 is incorrect because membership in the IGC is voluntary and serves as a forum for cooperation and information exchange; it is not a mandatory regulatory requirement for a sovereign nation to export or import grains. The core concept being tested is the nature and function of international commodity organizations and their role in global agricultural trade.
International OrganizationsAgricultural Trade BodiesInternational Grains CouncilGrains Trade ConventionRice exportWheat importIndia's membership