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Consider the following statements regarding India's international relations and economic situation:
1. The Prime Minister of India's visit to Nigeria in 2024 marked the first visit by an Indian PM to Nigeria in nearly two decades.
2. Nigeria is the largest African investor in India, with significant investments in the technology sector.
3. The Consumer Price Index (CPI) in India serves as a key macroeconomic indicator of inflation and is used by the RBI to target inflation.
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 'C'. Can you explain this answer?
Verified Answer
Consider the following statements regarding India's international rela...
- Statement 1 is correct. The Prime Minister of India's visit to Nigeria in 2024 was indeed the first by an Indian PM in nearly two decades, highlighting a significant diplomatic engagement between the two countries.
- Statement 2 is incorrect. While India is a major investor in Nigeria, particularly in sectors like energy and manufacturing, Nigeria is not the largest African investor in India. The statement is misleading as it suggests a reversed situation of investment flow.
- Statement 3 is correct. The Consumer Price Index (CPI) is a crucial macroeconomic indicator used to measure inflation in India. It is indeed used by the Reserve Bank of India (RBI) to monitor price stability and target inflation. The CPI data helps in formulating monetary policy decisions.
Thus, the correct statements are 1 and 3. Hence, the correct answer is Option C: 1 and 3 Only.
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Consider the following statements regarding India's international relations and economic situation:1. The Prime Minister of India's visit to Nigeria in 2024 marked the first visit by an Indian PM to Nigeria in nearly two decades.2. Nigeria is the largest African investor in India, with significant investments in the technology sector.3. The Consumer Price Index (CPI) in India serves as a key macroeconomic indicator of inflation and is used by the RBI to target inflation.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 'C'. Can you explain this answer?
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Consider the following statements regarding India's international relations and economic situation:1. The Prime Minister of India's visit to Nigeria in 2024 marked the first visit by an Indian PM to Nigeria in nearly two decades.2. Nigeria is the largest African investor in India, with significant investments in the technology sector.3. The Consumer Price Index (CPI) in India serves as a key macroeconomic indicator of inflation and is used by the RBI to target inflation.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 'C'. 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 Consider the following statements regarding India's international relations and economic situation:1. The Prime Minister of India's visit to Nigeria in 2024 marked the first visit by an Indian PM to Nigeria in nearly two decades.2. Nigeria is the largest African investor in India, with significant investments in the technology sector.3. The Consumer Price Index (CPI) in India serves as a key macroeconomic indicator of inflation and is used by the RBI to target inflation.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 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding India's international relations and economic situation:1. The Prime Minister of India's visit to Nigeria in 2024 marked the first visit by an Indian PM to Nigeria in nearly two decades.2. Nigeria is the largest African investor in India, with significant investments in the technology sector.3. The Consumer Price Index (CPI) in India serves as a key macroeconomic indicator of inflation and is used by the RBI to target inflation.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 'C'. Can you explain this answer?.
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