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Regarding the Spices Board India, consider the following statements:
1. The Spices Board is one of the Ministry of Commerce and Industry's five commodity boards.
2. It is a self-governing body in charge of promoting the export of the 52 scheduled spices and the production of cardamom.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Regarding the Spices Board India, consider the following statements:1....
Spices Board India and UNDP India's Accelerator Lab signed a MoU, intending to build a blockchain-based traceability interface for Indian spices to enhance transparency in supply chain and trade.
  • The project will be piloted with over 3,000 farmers engaged in chilli and turmeric farming in select Districts of Andhra Pradesh.
  • Blockchain is a decentralized process of recording transactions on an open and shared electronic ledger. This allows for ease and transparency in data management across a complex network, including farmers, brokers, distributors, retailers and consumers, thus simplifying the supply chain.
  • Spices Board is one of the five Commodity Boards functioning under the Ministry of Commerce &Industry.
  • It is an autonomous body responsible for the export promotion of the 52 scheduled spices and development of Cardamom (Small & Large).
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Regarding the Spices Board India, consider the following statements:1. The Spices Board is one of the Ministry of Commerce and Industrys five commodity boards.2. It is a self-governing body in charge of promoting the export of the 52 scheduled spices and the production of cardamom.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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