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What recent trend has been observed in India regarding gold and its implications?
  • a)
    Shift towards silver as the preferred precious metal
  • b)
    Complete ban on gold imports by the government
  • c)
    Decrease in gold prices leading to reduced consumption
  • d)
    Increase in gold smuggling due to rising global gold prices
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
What recent trend has been observed in India regarding gold and its im...
India has recently witnessed a significant rise in gold smuggling, primarily driven by increasing global gold prices. This situation reflects the growing demand for gold within the nation, making it an attractive target for smugglers. The Indian government has been implementing various policies to curb gold imports in an effort to manage the trade balance and reduce reliance on foreign gold sources. Interestingly, India remains the second-largest gold consumer in the world, following China, highlighting the cultural and economic importance of gold in Indian society.
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What recent trend has been observed in India regarding gold and its implications?a) Shift towards silver as the preferred precious metalb) Complete ban on gold imports by the governmentc) Decrease in gold prices leading to reduced consumptiond) Increase in gold smuggling due to rising global gold pricesCorrect answer is option 'D'. 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 What recent trend has been observed in India regarding gold and its implications?a) Shift towards silver as the preferred precious metalb) Complete ban on gold imports by the governmentc) Decrease in gold prices leading to reduced consumptiond) Increase in gold smuggling due to rising global gold pricesCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What recent trend has been observed in India regarding gold and its implications?a) Shift towards silver as the preferred precious metalb) Complete ban on gold imports by the governmentc) Decrease in gold prices leading to reduced consumptiond) Increase in gold smuggling due to rising global gold pricesCorrect answer is option 'D'. Can you explain this answer?.
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