2024 Economy - International Trade

Consider the following statements : Statement-I : India does not import apples from the United States of America. Statement-II : In India, the law prohibits the import of Genetically Modified food without the approval of the competent authority. Which one of the following is correct in respect of the above statements ?

• Both Statement-I and Statement-II are correct and Statement-II explains Statement-I
• Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
• Statement-I is correct, but Statement-II is incorrect
• Statement-I is incorrect, but Statement-II is correct