Q. Consider the following statements:
1.India is the world’s largest importer of vegetable oils.
2.Singapore is the largest exporter of palm oil to India.
Which of the statement(s) given above is/are correct?
Answer: A
Notes:
Explanation –
Statement 1 is correct. India is the world’s largest importer of vegetable oils. Compared to other vegetable oils like sunflower or soybean oil, palm oil is generally cheaper due to its high yield per hectare of land cultivated.
Statement 2 is incorrect. Indonesia is the largest exporter of palm oil to India, followed by Malaysia, Thailand, Singapore, and Papua New Guinea.
Source: The Hindu
