UPSC Previous Year Question | Prelims GS | 2020

Consider the following statements: 1. The value of Indo-Sri Lanka trade has consistently increased in the last decade. 2. 'Textile and textile articles' constitute an important item of trade between India and Bangladesh. 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. 1 and 2 only
  2. 2 only
  3. 3 only
  4. 1, 2 and 3

Answer

Correct Answer

2 only

Explanation

Indo-Sri Lanka trade fluctuated and fell in some years, so it was not a consistent rise. Textiles are a major item in India-Bangladesh trade. Bangladesh, not Nepal, has been India's largest trading partner in South Asia.

Topics: economy, external sector & international institutions, india's regional trade, india's trade with south asian neighbours