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Consider the following statements:
Statement-I:
The Panama Canal handles approximately 10% of global shipping, significantly impacting international trade.
Statement-II:
The first ship transited through the Panama Canal in the year 1914.
Which one of the following is correct in respect of the above statements?
  • a)
    Both Statement-I and Statement-II are correct and Statement-II explains Statement-I
  • b)
    Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
  • c)
    Statement-I is correct, but Statement-II is incorrect
  • d)
    Statement-I is incorrect, but Statement-II is correct
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements:Statement-I:The Panama Canal handle...
Statement-I correctly indicates that the Panama Canal handles approximately 5% of global shipping, not 10% as mentioned in Statement-I. This fact aligns with the information provided in the text about the canal's significance in global trade. Statement-II is inaccurate because the first ship navigated through the Panama Canal on August 15, 1914, and not in 1914 as stated in the statement.
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Community Answer
Consider the following statements:Statement-I:The Panama Canal handle...
Analysis of Statements
The evaluation of the two statements regarding the Panama Canal reveals distinct information about its significance and historical context.
Statement-I: Global Shipping Impact
- Statement-I claims that the Panama Canal handles approximately 10% of global shipping.
- This statement is partially correct, as the Panama Canal indeed plays a crucial role in international trade but does not handle exactly 10% of global shipping. The percentage can fluctuate based on various factors, including shipping routes, global trade dynamics, and economic conditions.
Statement-II: Historical Fact
- Statement-II states that the first ship transited through the Panama Canal in the year 1914.
- This statement is correct. The Panama Canal was officially opened on August 15, 1914, with the transit of the SS Ancon, marking a significant engineering achievement and altering maritime trade routes.
Conclusion
- Since Statement-I is not entirely accurate regarding the percentage of shipping handled by the canal, it is classified as incorrect.
- Statement-II is a factual statement about the canal's history and is thus correct.
Therefore, the correct answer is option 'C': Statement-I is correct, but Statement-II is incorrect. This conclusion stems from the clarification that while the Panama Canal is vital for shipping, the specific statistic presented in Statement-I is misleading.
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Consider the following statements:Statement-I:The Panama Canal handles approximately 10% of global shipping, significantly impacting international trade.Statement-II:The first ship transited through the Panama Canal in the year 1914.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer?
Question Description
Consider the following statements:Statement-I:The Panama Canal handles approximately 10% of global shipping, significantly impacting international trade.Statement-II:The first ship transited through the Panama Canal in the year 1914.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. 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:Statement-I:The Panama Canal handles approximately 10% of global shipping, significantly impacting international trade.Statement-II:The first ship transited through the Panama Canal in the year 1914.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. 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:Statement-I:The Panama Canal handles approximately 10% of global shipping, significantly impacting international trade.Statement-II:The first ship transited through the Panama Canal in the year 1914.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer?.
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