Prelims 2020 · Economy · Question 74
Consider the following statements:
- The value of Indo-Sri Lanka trade has consistently increased in the last decade.
- "Textile and textile articles" constitute an important item of trade between India and Bangladesh.
- 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?
Answer
2 only
1. Indo-Sri Lanka trade has consistently increased in the last decade — Incorrect. Bilateral trade has shown fluctuations, with dips in some years; it has not risen consistently year after year.
2. 'Textile and textile articles' are an important item of trade between India and Bangladesh — Correct. Textiles and related articles are a major component of India-Bangladesh trade.
3. Nepal has been India’s largest trading partner in South Asia in the last five years — Incorrect. Bangladesh, not Nepal, has generally been India’s largest trading partner in South Asia in recent years.
Therefore, only statement 2 is correct.