Q. Consider the following statements:
1.India is the world’s second-largest importer of palm oil.
2.Palm oil is used as both edible oil and biofuel.
3.Palm oil constitutes a significant portion of India’s edible oil consumption.
Which of the statements given above are correct?
Answer: B
Notes:
Explanation –
Statement 1 is incorrect. India is the world’s largest importer of palm oil. The primary sources of these imports are Indonesia and Malaysia. India is the second-largest consumer of palm oil globally, after Indonesia.
Statements 2 and 3 are correct. Palm oil has various uses, as an edible oil and as a feedstock for biofuel production. The Department of Food and Public Distribution states that about 57% of domestic demand for edible oils is met through imports, out of which palm oil constitutes about 59%. Additionally, in 2023, palm oil was the most consumed edible oil in India.
Source: The Hindu
