Consider the following statements about oil palm:
- Oil palm is a plantation crop
- It helps in nitrogen fixation
- It can be used for biofuel preparation
Which of the above statements is/are correct?
The majority of oil palm is grown in Indonesia and Malaysia, due to ideal growing conditions available ten degrees north and south of equator. Palm oil is generally the cheapest oil to produce and refine globally. In order to encourage its cultivation, the government has allowed 100 % FDI in oil palm sector.
This question is a part of GKToday's Integrated IAS General Studies Module