Consider the following statements: 1. The quantity of imported edible oils is more than the domestic production of edible oils in the last five years. 2. The Government does not impose any customs duty on all the imported edible oils as a special case. Which of the statements given above is/are correct?
a
1 only
b
2 only
c
Both 1 and 2
d
Neither 1 nor 2
Indian EconomyAgricultural Trade & Trade PolicyImported edible oilsDomestic productionCustoms dutyTrade policyAgricultural commoditiesFood securityTrade balance