Explanation –

Statements 1 and 3 are correct. The Spice Board of India is a regulatory and export promotion agency for Indian spices. It operates under the Ministry of Commerce and Industry and focuses on the development and worldwide promotion of Indian spices. Spice Train is an online campaign initiated by the Spice Board of India to educate Indians about the country’s rich spice heritage and promote the use of spices in daily life. The campaign aims to create awareness and appreciation for the diverse range of spices that India has to offer.

Statement 2 is incorrect. The Spice Board of India does not set minimum retail prices for spices sold in India. Retail prices are typically determined by market forces such as demand and supply, as well as other factors like production costs, transportation, and government policies.

Source: The Hindu