With reference to the copper industry in India, consider the following statements: India was always a net importer of copper from other countries. China was a major market for India’s refined copper exports a few years ago. 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 'B'. Can you explain this answer?

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With reference to the copper industry in India, consider the following statements:

India was always a net importer of copper from other countries.

China was a major market for India’s refined copper exports a few years ago.

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 'B'. Can you explain this answer?

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With reference to the copper industry in India, consider the followin...

Statement 1 is not correct: India is not self- sufficient in the production of copper ore. In addition to domestic production of ore and concentrates, India imports copper concentrates for its smelters. The domestic demand for copper and its alloys is met through domestic production, recycling of scrap, and imports. Prior to the closure of the Sterlite Copper facility in Tuticorin, Tamil Nadu in May 2018, India had been a net exporter of copper for over two decades. India became a net importer of copper for the first time in the same year. With increased demand from diverse industries, imports are anticipated to rise year after year, while local output hardly increases.
Statement 2 is correct: China was a major market for India’s refined copper exports a few years ago. However, with India ceding this space, Pakistan has stepped in to fill in this gap, albeit marginally. Trade data from the respective countries shows that India’s share in China’s copper imports fell to less than 1 percent in 2019 from more than 5 percent in 2017. Pakistan’s share in China’s copper import basket increased to 0.6 percent from 0.1 percent during the same period.

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With reference to the copper industry in India, consider the following statements: India was always a net importer of copper from other countries. China was a major market for India’s refined copper exports a few years ago. 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 'B'. Can you explain this answer?

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With reference to the copper industry in India, consider the following statements: India was always a net importer of copper from other countries. China was a major market for India’s refined copper exports a few years ago. 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 'B'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the copper industry in India, consider the following statements: India was always a net importer of copper from other countries. China was a major market for India’s refined copper exports a few years ago. 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 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the copper industry in India, consider the following statements: India was always a net importer of copper from other countries. China was a major market for India’s refined copper exports a few years ago. 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 'B'. Can you explain this answer?.

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