With reference to the
international trade of India
at present, which of the
following statements is/are
correct?
1. India's merchandise
exports are less than its
merchandise imports.
2. India's imports of iron and
steel, chemicals, fertilisers
and machinery have
decreased in recent years.
3. India's exports of services
are more than its imports of
services.
4. India suffers from an
overall trade/current
account deficit.
Select the correct answer
using the code given below:
(a) 1 and 2 only
(b) 2 and 4 only
(c) 3 only
(d) 1, 3 and 4 only
Ain't the 4th statement wrong in present context as we have current account surplus since june.
@Cold_War Yeah got the source of this question it is copied from a research paper. That paper contains all the options given in the question economic determinism, state, class struggle, private property.
