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With reference to the international trade of India at present, which of the following statements is/are correct?
1. India’s merchandise exports are less than its merchandise imports. 
2. India’s imports of iron and steel, chemicals, fertilisers and machinery have decreased in recent years.
3. India’s exports of services are more than its imports of services. 
4. India suffers from an overall trade/current account deficit.
Select the correct answer using the code given below: 
  • a)
    1 and 2 only
  • b)
    2 and 4 only
  • c)
    3 only
  • d)
    1, 3 and 4 only
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
With reference to the international trade of India at present, which o...
Is one of the largest exporters of pharmaceutical products in the world.
2. India is a net importer of crude oil and petroleum products.
3. India's top export destination is China.

Answer:
1. India is one of the largest exporters of pharmaceutical products in the world.
2. India is a net importer of crude oil and petroleum products.
3. India's top export destination is not China, but the United States.
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Community Answer
With reference to the international trade of India at present, which o...
A deficit occurs if we have Export-Import is in a negative value, and it happens when we have overall import increases over the Export. it has been observed we have an overall deficit of around 9% to 10%. This rules out Answers A and C.

And now we have to rule out between if answer 2 is correct:
- iron and steel import has been increased compared to 2020. (however, if we see the data intermittently the rise and fall have been seen, but it is not continuous progress in either way of decreasing on increasing).

So answer 2 is also wrong...and we have left with OPTION D...

The answer is D.
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With reference to the international trade of India at present, which of the following statements is/are correct?1. India’s merchandise exports are less than its merchandise imports.2. India’s imports of iron and steel, chemicals, fertilisers and machinery have decreased in recent years.3. India’s exports of services are more than its imports of services.4. India suffers from an overall trade/current account deficit.Select the correct answer using the code given below:a)1 and 2 onlyb)2 and 4 onlyc)3 onlyd)1, 3 and 4 onlyCorrect answer is option 'D'. Can you explain this answer?
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With reference to the international trade of India at present, which of the following statements is/are correct?1. India’s merchandise exports are less than its merchandise imports.2. India’s imports of iron and steel, chemicals, fertilisers and machinery have decreased in recent years.3. India’s exports of services are more than its imports of services.4. India suffers from an overall trade/current account deficit.Select the correct answer using the code given below:a)1 and 2 onlyb)2 and 4 onlyc)3 onlyd)1, 3 and 4 onlyCorrect answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the international trade of India at present, which of the following statements is/are correct?1. India’s merchandise exports are less than its merchandise imports.2. India’s imports of iron and steel, chemicals, fertilisers and machinery have decreased in recent years.3. India’s exports of services are more than its imports of services.4. India suffers from an overall trade/current account deficit.Select the correct answer using the code given below:a)1 and 2 onlyb)2 and 4 onlyc)3 onlyd)1, 3 and 4 onlyCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the international trade of India at present, which of the following statements is/are correct?1. India’s merchandise exports are less than its merchandise imports.2. India’s imports of iron and steel, chemicals, fertilisers and machinery have decreased in recent years.3. India’s exports of services are more than its imports of services.4. India suffers from an overall trade/current account deficit.Select the correct answer using the code given below:a)1 and 2 onlyb)2 and 4 onlyc)3 onlyd)1, 3 and 4 onlyCorrect answer is option 'D'. Can you explain this answer?.
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