Question

With reference to the international trade of India at present, which of the following statement/statements is/are correct?

• A. a and b only
• B. b and d only
• C. c and d only
• D. a, c and d only

Hint:

Focus on the balance between exports and imports for a comprehensive understanding of the current trade scenario in India.

Answer 1

The Correct Option is D

India's merchandise exports are less than its merchandise imports. The country imports more of iron, steel, chemicals, fertilizers, and machinery. However, India does have a current account deficit, and exports of services are more than imports of services. Thus, the statements a, c, and d are correct.