Which of the following factors contributed to the Indian government's decision to lift the
export ban on Non-Basmati White Rice?
1. Increase in paddy sowing area
2. Record estimated rice production for 2023-24
3. Declining wholesale prices of rice
4. Depletion of buffer stocks in the Food Corporation of India
Select the correct answer using the code given below:
Explanation: Factors 1, 2, and 3 contributed to the lifting of the export ban. The paddy
sowing area increased, rice production for 2023-24 is estimated to be a record high, and
wholesale prices of rice have been declining. Factor 4 is incorrect as the Food
Corporation of India has surplus rice stocks, not depleted stocks.
Explanation: Factors 1, 2, and 3 contributed to the lifting of the export ban. The paddy
sowing area increased, rice production for 2023-24 is estimated to be a record high, and
wholesale prices of rice have been declining. Factor 4 is incorrect as the Food
Corporation of India has surplus rice stocks, not depleted stocks.