Q. Consider the following statements:
1.Pharmaceuticals form the India’s largest export category.
2.India’s overall exports have risen in recent years.
3.Netherlands is among top five exports destination of India.
How many of the statements given above are correct?
Answer: B
Notes:
Explanation –
Statement 1 is incorrect. Pharmaceuticals are a significant export category for India, but they are not the largest. The largest export categories include refined petroleum, diamonds, and packaged medicaments, with refined petroleum being the top export.
Statements 2 and 3 are correct. India’s exports have shown an increase, with a rise of $1.19 billion from January 2023 to January 2024. The Netherlands has emerged as India’s third- largest export destination after the U.S. and UAE during 2023-24. India’s trade surplus with the Netherlands rose to $17.4 billion in FY24 from $13 billion in FY23.
Source: The Hindu
