Consider the following statements regarding India's maize (corn) production and imports:
Statement I: Once the leading maize exporter in Asia, India has now become a net importer of maize for the first time in decades.
Statement II: The Indian government has promoted corn-based ethanol production to achieve 20% ethanol blending in gasoline by 2025-26.
Which one of the following is correct in respect of the above statements?1
Both Statement I and Statement II are correct, and Statement II is the correct explanation for Statement I.
2
Both Statement I and Statement II are correct, but Statement II is not the correct explanation for Statement I.
3
Statement I is correct, but Statement II is incorrect.
4
Statement I is incorrect, but Statement II is correct.