Which of the following statements is/are correct regarding the International Nickel Study Group (INSG)?
1. It is an autonomous, intergovernmental organization located in Lisbon, Portugal.
2. India joined the INSG to exclusively control global nickel pricing and establish production quotas.

Question

Accepted Answer

1 only — Statement 1 is correct as INSG is an intergovernmental organization based in Lisbon. Statement 2 is incorrect because the INSG exists to exchange information and ensure market transparency, not to control prices or set production quotas.

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