Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below. Statement I Imports and Exports (Control) Act, 1947 regulates imports of goods from India. Statement II The starting point for any export transaction is an enquiry. Codes

• A. Both Statements are correct
• B. Both Statements .are incorrect
• C. Statement I is correct, but Statement II is incorrect
• D. Statement I is incorrect, but Statement II is correct