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Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below.

Statement I Imports and Exports (Control) Act, 1947 regulates imports of goods from India.

Statement II The starting point for any export transaction is an enquiry.

Codes

A)                                  Both Statements are correct

B)                     Both Statements .are incorrect

C)                     Statement I is correct, but Statement II is incorrect

D)                     Statement I is incorrect, but Statement II is correct