Which statement is correct regarding public distribution system? I. Public Distribution System (PDS) was conceived as a primary social welfare and poverty alleviation programme of the government to ensure price stabilization in the grain market. II. Government's objective of providing reasonable prices for basic food commodities like food grains, sugar, edible oil and kerosene is achieved. III. It is the second largest system in the world. IV. More than 50 per cent of grain to the Public Distribution System is provided by the Punjab, Haryana and western Uttar Pradesh.

• A. I & II
• B. Only II
• C. Only III
• D. III & IV