|Consider the following statements regarding India's rising exports of rice:|
|1. The domestic procurement prices of rice are lower than the exported value of rice.|
|2. The domestic procurement prices of rice are greater than the exported value of rice.|
|3. India displaced Thailand as the world's largest exporter of rice recently.|
|4. Exporters can access supplies in the open market only by offering prices higher than the procurement price. Which of the above statements is/are correct?|
A) 1, 2, 3
B) 1, 3, 4
C) 1, 2, 4
D) 2, 3, 4
Correct Answer: B
Solution :[b] Till the export prices are less, no one will export, the goods would be sold in the domestic market only.
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