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Consider the following statements:
1. The Gulf Cooperation Council (GCC) countries supply approximately 35% of India's oil imports and 70% of its gas imports.
2. India and the GCC signed a Memorandum of Understanding (MoU) on consultation mechanisms in September 2022, establishing a framework for annual dialogues.
3. The share of remittances from the GCC in India's total inward remittances increased from over 50% in 2016-17 to about 70% in 2020-21.
Which of the statements given above is/are correct?
  • a)
    1 Only
  • b)
    1 and 2 Only
  • c)
    1 and 3 Only
  • d)
    1, 2 and 3
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements:1. The Gulf Cooperation Council (GC...
Statement 1: This statement is correct. The GCC countries collectively supply approximately 35% of India's oil imports and 70% of its gas imports, highlighting the significant energy cooperation between India and the GCC region.
Statement 2: This statement is also correct. In September 2022, India and the GCC signed a Memorandum of Understanding (MoU) on consultation mechanisms, which established a framework for annual dialogues between the External Affairs Minister of India and the GCC-Troika.
Statement 3: This statement is incorrect. According to the RBI Remittances Survey 2021, the share of remittances from the GCC in India's total inward remittances actually fell from over 50% in 2016-17 to about 30% in 2020-21, not increased to 70%.
Thus, the correct statements are 1 and 2 only.
Explanation: The provided solution justifies the correct answer by clearly explaining the accuracy of each statement based on the given information. Statement 1 and Statement 2 are aligned with the facts from the text, while Statement 3 is explicitly refuted with accurate data, ensuring there is no ambiguity.
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Consider the following statements:1. The Gulf Cooperation Council (GCC) countries supply approximately 35% of India's oil imports and 70% of its gas imports.2. India and the GCC signed a Memorandum of Understanding (MoU) on consultation mechanisms in September 2022, establishing a framework for annual dialogues.3. The share of remittances from the GCC in India's total inward remittances increased from over 50% in 2016-17 to about 70% in 2020-21.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?
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Consider the following statements:1. The Gulf Cooperation Council (GCC) countries supply approximately 35% of India's oil imports and 70% of its gas imports.2. India and the GCC signed a Memorandum of Understanding (MoU) on consultation mechanisms in September 2022, establishing a framework for annual dialogues.3. The share of remittances from the GCC in India's total inward remittances increased from over 50% in 2016-17 to about 70% in 2020-21.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'B'. 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 Consider the following statements:1. The Gulf Cooperation Council (GCC) countries supply approximately 35% of India's oil imports and 70% of its gas imports.2. India and the GCC signed a Memorandum of Understanding (MoU) on consultation mechanisms in September 2022, establishing a framework for annual dialogues.3. The share of remittances from the GCC in India's total inward remittances increased from over 50% in 2016-17 to about 70% in 2020-21.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:1. The Gulf Cooperation Council (GCC) countries supply approximately 35% of India's oil imports and 70% of its gas imports.2. India and the GCC signed a Memorandum of Understanding (MoU) on consultation mechanisms in September 2022, establishing a framework for annual dialogues.3. The share of remittances from the GCC in India's total inward remittances increased from over 50% in 2016-17 to about 70% in 2020-21.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?.
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