Consider the following statements:
Statement-I: India is the largest producer and exporter of diverse varieties of spices in the world, commanding a quarter of the global spice market.
Statement-II: India’s share in the global seasoning market is nearly half of the total market.
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.