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With reference to the Sandalwood, consider the following statements:
1. Sandalwood has been long associated with the Indian heritage & culture, as the country contributed 85% of the world’ sandalwood trade erstwhile.
2. Globally, India & Australia are the largest growers of sandalwood.
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
With reference to the Sandalwood, consider the following statements:1....
Union Minister of Rural Development & Panchayati Raj inaugurated a training program on Sandalwood Farming & Management of its health in association with the Institute of Wood Science & Technology (IWST), Bengaluru.
  • The program is structured around the basics & benefits of Indian sandalwood, seed handling, nursery techniques & managing the health of the plant.
  • Sandalwood has been long associated with the Indian heritage & culture, as the country contributed 85% of the world’ sandalwood trade erstwhile. However, off late this has been declining at a fast rate. With anti-bacterial, anti-biotic & anti-cancer benefits amongst others, sandalwood finds its uses in pharmaceuticals, personal care & furnitures.
  • Globally, India & Australia are the largest growers of sandalwood, while the biggest markets lie in the United States, China, Japan & the Indian domestic market. While in 2020 the world sandalwood market stood at USD 300 million, World Trade Research pegs the market size at USD 3 billion by 2040.
  • Hence both statements are correct.
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With reference to the Sandalwood, consider the following statements:1. Sandalwood has been long associated with the Indian heritage & culture, as the country contributed 85% of the world’ sandalwood trade erstwhile.2. Globally, India & Australia are the largest growers of sandalwood.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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With reference to the Sandalwood, consider the following statements:1. Sandalwood has been long associated with the Indian heritage & culture, as the country contributed 85% of the world’ sandalwood trade erstwhile.2. Globally, India & Australia are the largest growers of sandalwood.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? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the Sandalwood, consider the following statements:1. Sandalwood has been long associated with the Indian heritage & culture, as the country contributed 85% of the world’ sandalwood trade erstwhile.2. Globally, India & Australia are the largest growers of sandalwood.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? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Sandalwood, consider the following statements:1. Sandalwood has been long associated with the Indian heritage & culture, as the country contributed 85% of the world’ sandalwood trade erstwhile.2. Globally, India & Australia are the largest growers of sandalwood.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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