Consider the following statements: 1. The value of Indo-Sri Lanka trade has consistently increased in the…

Consider the following statements: 1. The value of Indo-Sri Lanka trade has consistently increased in the last decade. 2. "Textile and textile articles" constitute an important item of trade between India and Bangladesh. 3. 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?
  1. 1 and 2 only
  2. 2 only
  3. 3 only
  4. 1, 2 and 3

Solution

Indo-Sri Lanka trade has fluctuated, not consistently increased (1 wrong). Textiles dominate India-Bangladesh bilateral trade (2 correct). Bangladesh — not Nepal — is India's largest South Asian trading partner (3 wrong). Answer: (b).

Asked in: UPSC Prelims 2020

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