Question
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?
(a) 1 and 2 only
(b) 2 only
(c) 3 only
(d) 1 ,2, and 3
Answer:
B
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Explanation:
1. Statement 1 is not mentioned in the options, so it cannot be considered as correct or incorrect based on the given choices.
2. Statement 2 is correct: Textiles and textile articles are indeed an important item of trade between India and Bangladesh. Both countries have a significant presence in the textile industry, and trade in textiles plays a crucial role in their bilateral economic relations.
3.Statement 3 is incorrect: Nepal is not the largest trading partner of India in South Asia. India's largest trading partner in South Asia is typically considered to be Bangladesh, followed by Sri Lanka.