2. We read in the newspapers that India is witnessing two-digit-food-price-inflation phenomenon in the last 18 months. Consider the following reasons behind this phenomenon:
1. The food stock available with the government is much below the mandated buffer norms
2. There is a shortage of food grains in the market.
3. The 2009 monsoon was worst since 1972 which resulted into low agricultural growth.
In the above 3 statements bring out those which hold true: