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With reference to Vegetable Oil, consider the following statements:
India is the world’s second largest importer of vegetable oil.
As per the OECD-FAO Agricultural Outlook 2021-2030, India is projected to maintain a high per capita vegetable oil consumption growth.
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 'B'. Can you explain this answer?
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Most Upvoted Answer
With reference to Vegetable Oil, consider the following statements: ...
Recently, the Food Safety and Standards Authority of India (FSSAI), the country’s apex food regulator, has released a draft notification for front-of-pack labelling.
- Statement 1 is not correct: India is the world’s second-largest consumer and number one importer of vegetable oil. As urbanisation increases in developing countries, dietary habits and traditional meal patterns are expected to shift towards processed foods that have a high content of vegetable oil. Vegetable oil consumption in India is, therefore, expected to remain high due to high population growth and consequent urbanisation.
- Statement 2 is correct: As per the OECD-FAO Agricultural Outlook 2021-2030, India is projected to maintain a high per capita vegetable oil consumption growth of 2.6 percent per annum reaching 14 kg/capita by 2030 necessitating a high import growth of 3.4 percent per annum.
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With reference to Vegetable Oil, consider the following statements: ...
Explanation:
India as the world's second largest importer of vegetable oil:
- The first statement is correct as India is indeed the world's second largest importer of vegetable oil after China.
- India imports a significant amount of vegetable oil to meet its domestic demand, as it is a staple ingredient in Indian cuisine and used in various cooking processes.
- The country relies heavily on imports to bridge the gap between domestic production and consumption.
Per capita vegetable oil consumption growth in India:
- The second statement is incorrect as per the OECD-FAO Agricultural Outlook 2021-2030. The report suggests that India is projected to maintain a high per capita vegetable oil consumption growth.
- This growth is mainly driven by factors such as increasing population, changing dietary habits, and rising income levels leading to higher consumption of processed and packaged foods.
- The demand for vegetable oil in India is expected to remain robust in the coming years.
Therefore, the correct answer is option 'B' - 2 only, as the first statement is correct while the second statement is not supported by the OECD-FAO Agricultural Outlook 2021-2030.
India as the world's second largest importer of vegetable oil:
- The first statement is correct as India is indeed the world's second largest importer of vegetable oil after China.
- India imports a significant amount of vegetable oil to meet its domestic demand, as it is a staple ingredient in Indian cuisine and used in various cooking processes.
- The country relies heavily on imports to bridge the gap between domestic production and consumption.
Per capita vegetable oil consumption growth in India:
- The second statement is incorrect as per the OECD-FAO Agricultural Outlook 2021-2030. The report suggests that India is projected to maintain a high per capita vegetable oil consumption growth.
- This growth is mainly driven by factors such as increasing population, changing dietary habits, and rising income levels leading to higher consumption of processed and packaged foods.
- The demand for vegetable oil in India is expected to remain robust in the coming years.
Therefore, the correct answer is option 'B' - 2 only, as the first statement is correct while the second statement is not supported by the OECD-FAO Agricultural Outlook 2021-2030.
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With reference to Vegetable Oil, consider the following statements: India is the world’s second largest importer of vegetable oil. As per the OECD-FAO Agricultural Outlook 2021-2030, India is projected to maintain a high per capita vegetable oil consumption growth. 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 'B'. Can you explain this answer?
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