BPSC 47th Exam Prelims 2005 Solved Paper

Question : 113 of 150

Marks: +1, -0

Consider the following statements about India's recent export-import trade:
1. The share of textile sector in India's export is

21 \%

and jewellery and ornaments

17 \%

2. Western Europe and North America together account for

53 \%

of India's exports and

40 \%

of its imports.
3. Latin America, Sub-Saharan African and Middle East Countries offer the most potential markets for Indian export trade.
4. India's share in world exports is a little over

2 \%

Which of these statements are correct?

1 and 2
1,2 and 4
3 and 4
1,2 and 3

Validate

Solution:

India's overall exports (Merchandise and Services combined) in April 2019 is estimated to be USD 44.06 billion, exhibiting a positive growth of 1.34 per cent over the April 2018 . Overall imports in April 2019 is estimated to be USD 52.83 billion, exhibiting a positive growth of 4.53 per cent over April 2018 . India's share in global trade (merchandise and services) was

2.1 \%

(481.74 USD billion out of total 23,044 USD billion) for exports and

2.6 \%

(600.62 USD billion out of total 23,112 USD billion) for imports in 2017 . Exports have been growing on a regular basis since

2016-17

for almost three years and total exports reached a new peak of more than half a trillion dollars, for the first time in

2018-19 .

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