Consider the following statements:India is a member of the International Grains Council.A country ne

Question

Consider the following statements:India is a member of the International Grains Council.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?

Accepted Answer

The International Grains Council is an intergovernmental organization established in 1949, originally aimed at promoting cooperation in the global grains trade. India is a member of the International Grains Council (IGC). Hence, statement 1 is correct.Being a member of the International Grains Council is not a requirement for a country to export or import rice and wheat. The IGC operates through a system of member states, currently comprising major grain-producing and consuming countries. These members collaborate through regular meetings and consultations, where they discuss market conditions, policy challenges, and potential areas for collective action. Hence, statement 2 is not correct.Hence, option (a) is the correct answer.