Which of the following benefits are likely to accrue to India from the World Trade Organisation? 1. I. India's share in the world trade is to go up from the present 600 million US dollars to 5 billion US dollars by 2000 A.D. 2. II. It will help boost exports of agricultural commodities from India. 3. III. India's share in the world trade is likely to triple by the year 2000 A.D. Select the correct answer using the codes given below:

1. The question asks about the likely benefits expected for India from joining the World Trade Organisation (WTO), which was established on January 1, 1995, succeeding the GATT. 2. Statement I gives a very specific and ambitious target for India's share in world trade ($600m to $5bn by 2000 AD), which seems more like a hopeful projection than a guaranteed benefit. 3. Statement II suggests a boost in exports of agricultural commodities. This was a widely anticipated potential benefit, as the WTO's Agreement on Agriculture aimed to reduce global subsidies and trade barriers, potentially improving market access for competitive agricultural exporters like India. 4. Statement III predicts a tripling of India's share in the world trade by 2000 AD. Similar to Statement I, this is a highly optimistic target, reflecting the general hope that WTO membership would significantly enhance India's global trade integration, but it's not a certain outcome. 5. Considering the likely intended benefits discussed at the time, boosting agricultural exports (II) was a key expectation. The substantial increase in trade share (III) represents the broader optimism, even if the specific target was ambitious. Statement I's numbers are too specific to be a general 'likely benefit'. Thus, the combination of anticipated benefits most likely reflects the expectations around II and III.