Q1. With reference to recent (2025-26) developments concerning India's cotton sector and trade arrangements, consider the following statements: 1. Under the February 2026 interim trade framework, the reciprocal tariff on India's exports to the United States was reduced to a level lower than that fixed under the parallel US-Bangladesh deal. 2. For the 2025-26 cotton season, the Minimum Support Price fixed for long-staple cotton is higher than that fixed for medium-staple cotton. 3. The import duty exemption granted on raw cotton in 2025 was extended up to 31 March 2026. Which of the statements given above is/are correct?
- Under the February 2026 interim trade framework, the reciprocal tariff on India's exports to the United States was reduced to a level lower than that fixed under the parallel US-Bangladesh deal.
- For the 2025-26 cotton season, the Minimum Support Price fixed for long-staple cotton is higher than that fixed for medium-staple cotton.
- The import duty exemption granted on raw cotton in 2025 was extended up to 31 March 2026.
- A. 1 and 2 only
- B. 2 and 3 only
- C. 1 and 3 only
- D. 1, 2 and 3