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Consider the following statements 1. The quantity of imported edible oils is more than the domestic production of edible oils in the last five years 2. The government does not impose any customs duty on all imported edible oils as special case Which of the following statements is/are correct? A) 1 only B) 2 only C) Both 1 and 2 D) Neither 1 nor 2?
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Consider the following statements 1. The quantity of imported edible o...
Statement Analysis:
1. The quantity of imported edible oils is more than the domestic production of edible oils in the last five years.
2. The government does not impose any customs duty on all imported edible oils as a special case.

Statement 1: The quantity of imported edible oils is more than the domestic production of edible oils in the last five years.
This statement suggests that the amount of edible oils brought into the country through imports exceeds the amount of edible oils produced domestically over the past five years.

Statement 2: The government does not impose any customs duty on all imported edible oils as a special case.
This statement implies that the government has made an exception for imported edible oils and does not levy any customs duty on them.

Analysis:
To determine the correctness of each statement, we need to evaluate them individually.

Statement 1 Evaluation:
To assess the accuracy of statement 1, we need to compare the quantity of imported edible oils with the domestic production of edible oils over the last five years. If the imported quantity surpasses the domestic production, then statement 1 is correct.

Statement 2 Evaluation:
To validate statement 2, we need to determine whether the government has exempted imported edible oils from customs duty as a special case. If there is evidence or official information supporting this exemption, then statement 2 is correct.

Conclusion:
Based on the given information, we cannot definitively determine the correctness of either statement without additional data or context. To provide an accurate answer, it is necessary to gather more information regarding the quantities of imported and domestically produced edible oils, as well as the government's policy on customs duty for imported edible oils.
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Consider the following statements 1. The quantity of imported edible o...
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Consider the following statements 1. The quantity of imported edible oils is more than the domestic production of edible oils in the last five years 2. The government does not impose any customs duty on all imported edible oils as special case Which of the following statements is/are correct? A) 1 only B) 2 only C) Both 1 and 2 D) Neither 1 nor 2?
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