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Consider the following statements regarding India’s gold imports.
  1. India is among the top three largest importers of gold in the world.
  2. Majority of the gold demand is due to RBI’s requirements.
Which of the above statements is/are correct?
  • a)
    1 only 
  • b)
    2 only 
  • c)
    Both 1 and 2 
  • d)
    Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding India’s gold imports...
India is among the top three largest importers of gold, which mainly caters to the demand of the jewellery industry. In volume terms, the country imports 800-900 tonnes of gold annually.
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Consider the following statements regarding India’s gold imports...
1. India is the second most populous country in the world, with over 1.3 billion people.
2. India is a federal parliamentary democratic republic, with a President as the head of state and a Prime Minister as the head of government.
3. India gained independence from British colonial rule on August 15, 1947.
4. India is known for its diverse culture, with multiple religions, languages, and ethnic groups coexisting.
5. The Indian economy is one of the fastest-growing in the world, with a significant focus on industries such as information technology, pharmaceuticals, and automotive manufacturing.
6. India is a nuclear power and has a space program that has successfully launched satellites and explored the moon.
7. The Taj Mahal, a UNESCO World Heritage Site, is located in India and is a popular tourist attraction.
8. India has a mixed healthcare system, with both public and private healthcare providers.
9. Cricket is the most popular sport in India, with the Indian national cricket team having a large fan following.
10. India faces challenges such as poverty, illiteracy, and gender inequality, but also has made progress in areas such as education and healthcare.
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Consider the following statements regarding India’s gold imports. India is among the top three largest importers ofgold in the world. Majority of the gold demand is due to RBI’s requirements.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
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