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With reference to India- China trade, consider the following statements:
1. India’s biggest exports to China are iron ore, cotton, and other raw material-based commodities.
2. India imports mechanical and electrical machinery in large quantities, while imports of medical supplies have soared in the past two years.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
With reference to India- China trade, consider the following statement...
India’s trade with China is set to cross the $100 billion mark for the first time in 2021, with shipments hitting $90 billion after three quarters, an almost 30% jump from pre-pandemic levels.
  • Data from China’s General Administration of Customs (GAC) showed two-way trade jumped 49% in the first nine months to $90.37 billion. India’s imports from China surged 51.7% to $68.4 billion, while India’s exports rose 42.5% to $21.9 billion.
  • India’s biggest exports to China are iron ore, cotton, and other raw material-based commodities.
  • India imports mechanical and electrical machinery in large quantities, while imports of medical supplies have soared in the past two years.
  • The growth in trade with India was among the fastest for China’s major trading partners. While China’s total trade rose 22.7%, that with its biggest trading partners, ASEAN, the EU and the U.S., rose 21.1%, 20.5% and 24.9%, respectively.
  • Hence both statements are correct.
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With reference to India- China trade, consider the following statements:1. India’s biggest exports to China are iron ore, cotton, and other raw material-based commodities.2. India imports mechanical and electrical machinery in large quantities, while imports of medical supplies have soared in the past two years.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to India- China trade, consider the following statements:1. India’s biggest exports to China are iron ore, cotton, and other raw material-based commodities.2. India imports mechanical and electrical machinery in large quantities, while imports of medical supplies have soared in the past two years.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to India- China trade, consider the following statements:1. India’s biggest exports to China are iron ore, cotton, and other raw material-based commodities.2. India imports mechanical and electrical machinery in large quantities, while imports of medical supplies have soared in the past two years.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to India- China trade, consider the following statements:1. India’s biggest exports to China are iron ore, cotton, and other raw material-based commodities.2. India imports mechanical and electrical machinery in large quantities, while imports of medical supplies have soared in the past two years.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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