gs1medium

Consider the following statements:

  1. 1.The value of Indo-Sri Lanka trade has consistently increased in the last decade.
  2. 2.“Textile and textile articles” constitute an important item of the trade between India and Bangladesh.
  3. 3.In the last five years, Nepal has been the largest trading partner of India in South Asia. Which of the statements given above is/are correct?
  1. A.1 and 2 only
  2. B.2 only
  3. C.3 only
  4. D.1, 2 and 3
▶ Answer & Explanation

Correct answer: B. 2 only

The trade balance between India and Bangladesh is heavily in favour of India, with textiles forming a significant component of Bangladeshi imports from India. While trade with Sri Lanka has seen fluctuations, it is not accurate to say it has consistently increased over the entire decade. Nepal's trade volume with India, though substantial, has generally been lower than that of Bangladesh in South Asia.

Source: UPSC gs1 2020

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