Here is Question No. 64 a part of our series on UPSC Prelims 2020
Q64. Consider the following statements:
- The value of Indo-Sri Lanka trade has consistently increased in the last decade.
- “Textile and Textile articles” constitute an important item of trade between India and Bangladesh.
- In the last five years, Nepal has been the largest trading partner of India in
South Asia.
Which of the statements given above is/are correct?
(a) 1 and 2 only
(b) 2 only
(c) 3 only
(d) 1, 2 and 3
Answer: B
- Statement 1 is not correct: As per data from the Department of Commerce, Indo-Sri Lanka bilateral trade value for a decade (2007 to 2016) was 3.0, 3.4, 2.1, 3.8, 5.2, 4.5, 5.3, 7.0, 6.3, 4.8 (in billion USD). It reflects the continuous fluctuation in the trend of trade value.
- Statement 2 is correct: “Textile and Textile articles” such as, import of readymade garments from Bangladesh and export of fabric from India constitute an important link item in Indo-Bangladesh trade
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