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Consider the following statements regarding the International Coffee Organization:
- It was established under the aegis of the United Nations in 1963.
- India is not a member of this organization.
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 'A'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements regarding the International Coffee O...
International Coffee Organization (ICO), in collaboration with the Coffee Board of India, Ministry of Commerce and Industry, Government of India, Government of Karnataka is hosting the 5th World Coffee Conference (WCC) at Bengaluru.
- International Coffee Organization was established in 1963 under the aegis of the United Nations and following the approval of the first International Coffee Agreement in 1962.
- The ICO is the only intergovernmental organization for coffee, bringing together exporting and importing Governments.
- It currently represents 93% of world coffee production and 63% of world consumption.
- The mission of the Organization is to strengthen the global coffee sector and promote its sustainable expansion in a market-based environment for the benefit of all actors in the Global Coffee Value Chain (G-CVC).
- Member countries: 49 (42 coffee exporting and 7 importing countries)
- India is a member of this organisation.
Hence only statement 1 is correct.
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Consider the following statements regarding the International Coffee O...
Explanation:
The correct answer is option 'A', i.e., 1 only.
Statement 1: It was established under the aegis of the United Nations in 1963.
The International Coffee Organization (ICO) was indeed established under the aegis of the United Nations in 1963. It is an intergovernmental organization that serves as the main forum for coffee exporting and importing countries to discuss and coordinate coffee policies. The ICO works towards the promotion, stabilization, and development of the coffee market, as well as ensuring sustainable coffee production and consumption.
Statement 2: India is not a member of this organization.
This statement is incorrect. India is indeed a member of the International Coffee Organization (ICO). India is one of the world's largest coffee producers and exporters, particularly known for its specialty coffees. As a member of the ICO, India actively participates in the discussions and decision-making processes related to coffee policies and market trends.
Therefore, only statement 1 is correct, and statement 2 is incorrect.
The correct answer is option 'A', i.e., 1 only.
Statement 1: It was established under the aegis of the United Nations in 1963.
The International Coffee Organization (ICO) was indeed established under the aegis of the United Nations in 1963. It is an intergovernmental organization that serves as the main forum for coffee exporting and importing countries to discuss and coordinate coffee policies. The ICO works towards the promotion, stabilization, and development of the coffee market, as well as ensuring sustainable coffee production and consumption.
Statement 2: India is not a member of this organization.
This statement is incorrect. India is indeed a member of the International Coffee Organization (ICO). India is one of the world's largest coffee producers and exporters, particularly known for its specialty coffees. As a member of the ICO, India actively participates in the discussions and decision-making processes related to coffee policies and market trends.
Therefore, only statement 1 is correct, and statement 2 is incorrect.
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Consider the following statements regarding the International Coffee Organization: It was established under the aegis of the United Nations in 1963. India is not a member of this organization.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 'A'. Can you explain this answer?
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