The correct answer is: C. Either I or II follows
The statement says that one of the problems facing the food processing industry is the irregular supply of raw material. The producers of raw material are not getting a reasonable price.
Course of Action I says that the government should regulate the supply of raw material to other industries also. This may help to ensure a regular supply of raw material for the food processing industry. However, it is not clear whether this would also help to ensure that the producers of raw material get a reasonable price.
Course of Action II says that the government should announce an attractive package to ensure regular supply of raw material for food processing industry. This may help to ensure a regular supply of raw material and also help to ensure that the producers of raw material get a reasonable price. However, it is not clear whether this would also help to regulate the supply of raw material to other industries.
Therefore, either Course of Action I or Course of Action II could help to address the problems facing the food processing industry.