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Consider the following statements:
Statement-I: India's decision to repatriate gold reflects a shift towards enhanced economic resilience and risk mitigation.
Statement-II: Storing gold reserves abroad contributes significantly to India's international liquidity and economic stability.
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 'A'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements:Statement-I: India's decision to re...
Statement-I correctly highlights that India's decision to repatriate gold aims at enhancing economic resilience and mitigating risks. By bringing back gold reserves, India reduces geopolitical risks, increases market confidence, and supports domestic financial markets. Statement-II accurately complements Statement-I by emphasizing that storing gold reserves abroad contributes significantly to India's international liquidity and economic stability. This is because having reserves in major global financial hubs ensures quick access to global markets, enhances economic resilience, and can serve as collateral for financial instruments, supporting India's capacity to meet international financial obligations. Thus, both statements are correct, with Statement-II providing a valid explanation for Statement-I, making option (a) the accurate choice.
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Consider the following statements:Statement-I: India's decision to repatriate gold reflects a shift towards enhanced economic resilience and risk mitigation.Statement-II: Storing gold reserves abroad contributes significantly to India's international liquidity and economic stability.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 'A'. Can you explain this answer?
Question Description
Consider the following statements:Statement-I: India's decision to repatriate gold reflects a shift towards enhanced economic resilience and risk mitigation.Statement-II: Storing gold reserves abroad contributes significantly to India's international liquidity and economic stability.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 'A'. 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: India's decision to repatriate gold reflects a shift towards enhanced economic resilience and risk mitigation.Statement-II: Storing gold reserves abroad contributes significantly to India's international liquidity and economic stability.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 'A'. 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: India's decision to repatriate gold reflects a shift towards enhanced economic resilience and risk mitigation.Statement-II: Storing gold reserves abroad contributes significantly to India's international liquidity and economic stability.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 'A'. Can you explain this answer?.
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