Consider the following statements about Tobacco industry in India:

  1. The Tobacco Board of India is a statutory body.
  2. India ranks third in terms of production of tobacco and in exports.
  3. Duties of excise on tobacco is levied and collected by state governments

Which of the above statements is/are correct?

Answer: [A] Only 1 & 2

Third statement is incorrect because Duties of excise on tobacco is levied and collected by Central  government. India ranks third in terms of production of tobacco and in exports, after Brazil and the US.

This question is a part of GKToday's Integrated IAS General Studies Module