UPSC Prelims 2020 · Question 74 of 100
UPSC Prelims 2020 question on India Sri Lanka Trade
- ExamUPSC CSE
- Year2020
- PaperGeneral Studies Paper I
- SubjectInternational Relations
- TopicCurrent Affairs
- DifficultyHard
- TypeStatement
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?
Show answer
Answer: B. 2 only
Verdict
Correct statement: 2 only → Option (b).
Statement by statement
Statement 1 – INCORRECT: Bilateral trade between India and Sri Lanka has increased by around 9 times between 2000-01 and 2018-19. However, in 2012-13 and 2016-17, the trade slumped, thus disturbing the steady increase in the graph. The value of Indo-Sri Lanka trade has NOT consistently increased in the last decade. Hence statement 1 is not correct.
Statement 2 – CORRECT: According to the World Bank, India exports $2.25 billion-worth textile and clothing products to Bangladesh. In turn, it imports $336 million-worth textile and clothing products from Dhaka. Textile and textile articles constitute an important item of trade between India and Bangladesh. Hence statement 2 is correct.
Statement 3 – INCORRECT: Bangladesh is India's biggest trade partner in South Asia. Bilateral trade between India and Bangladesh has grown steadily over the last decade — India's exports to Bangladesh in FY 2018-19 stood at $9.21 billion. Nepal is NOT the largest trading partner. Hence statement 3 is not correct.
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