{"id":91753,"date":"2025-06-01T11:05:00","date_gmt":"2025-06-01T11:05:00","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=91753"},"modified":"2025-06-01T11:05:00","modified_gmt":"2025-06-01T11:05:00","slug":"consider-the-following-statements-the-value-of-indo-sri-lanka-trad","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-the-value-of-indo-sri-lanka-trad\/","title":{"rendered":"Consider the following statements :\n  The value of Indo-Sri Lanka trad"},"content":{"rendered":"<p>Consider the following statements :<\/p>\n<ul>\n<li>The value of Indo-Sri Lanka trade has consistently increased in the last decade.<\/li>\n<li>&#8220;Textile and textile articles&#8221; constitute an important item of trade between India and Bangladesh.<\/li>\n<li>In the last five years, Nepal has been the largest trading partner of India in South Asia.<\/li>\n<\/ul>\n<p>Which of the statements given above is\/are correct ?<\/p>\n<p>[amp_mcq option1=&#8221;1 and 2 only&#8221; option2=&#8221;2 only&#8221; option3=&#8221;3 only&#8221; option4=&#8221;1, 2 and 3&#8243; correct=&#8221;option2&#8243;]<\/p>\n<div class=\"psc-box-pyq-exam-year-detail\">\n<div class=\"pyq-exam\">\n<div class=\"psc-heading\">This question was previously asked in<\/div>\n<div class=\"psc-title line-ellipsis\">UPSC IAS &#8211; 2020<\/div>\n<\/div>\n<div class=\"pyq-exam-psc-buttons\"><a href=\"\/pyq\/pyq-upsc-ias-2020.pdf\" target=\"_blank\" class=\"psc-pdf-button\" rel=\"noopener\">Download PDF<\/a><a href=\"\/pyq-upsc-ias-2020\" target=\"_blank\" class=\"psc-attempt-button\" rel=\"noopener\">Attempt Online<\/a><\/div>\n<\/div>\n<section id=\"pyq-correct-answer\">\nStatement 1 is incorrect: While Indo-Sri Lanka trade has grown over the longer term, it has not consistently increased every single year over the last decade. Trade figures can fluctuate due to various economic factors, policy changes, and external shocks (like the COVID-19 pandemic or Sri Lanka&#8217;s economic crisis).<br \/>\nStatement 2 is correct: &#8220;Textile and textile articles&#8221; are indeed an important and growing component of trade between India and Bangladesh. India exports cotton and yarns to Bangladesh, while Bangladesh exports garments and other textile products to India.<br \/>\nStatement 3 is incorrect: In the last five years, Bangladesh has been India&#8217;s largest trading partner in South Asia. Nepal is a significant partner, but its total trade value with India is typically lower than that of Bangladesh.<br \/>\n<\/section>\n<section id=\"pyq-key-points\">\nEvaluating trade relationships requires looking at specific country data and trends. Bangladesh is a major trading partner for India in South Asia, with textiles being a key sector in their bilateral trade.<br \/>\n<\/section>\n<section id=\"pyq-additional-information\">\nIndia&#8217;s major trading partners in South Asia include Bangladesh, Sri Lanka, Nepal, and Bhutan. The volume and composition of trade vary with each country based on geographical proximity, bilateral agreements (like SAFTA), and economic structures.<br \/>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Consider the following statements : The value of Indo-Sri Lanka trade has consistently increased in the last decade. &#8220;Textile and textile articles&#8221; constitute an important item of trade between India and Bangladesh. In the last five years, Nepal has been the largest trading partner of India in South Asia. Which of the statements given above &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Consider the following statements :\n  The value of Indo-Sri Lanka trad\" class=\"read-more button\" href=\"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-the-value-of-indo-sri-lanka-trad\/#more-91753\">Detailed Solution<span class=\"screen-reader-text\">Consider the following statements :<br \/>\n  The value of Indo-Sri Lanka trad<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1092],"tags":[1288,1226],"class_list":["post-91753","post","type-post","status-publish","format-standard","hentry","category-upsc-ias","tag-1288","tag-external-sector-of-economy","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Consider the following statements :  The value of Indo-Sri Lanka trad<\/title>\n<meta name=\"description\" content=\"Statement 1 is incorrect: While Indo-Sri Lanka trade has grown over the longer term, it has not consistently increased every single year over the last decade. Trade figures can fluctuate due to various economic factors, policy changes, and external shocks (like the COVID-19 pandemic or Sri Lanka&#039;s economic crisis). Statement 2 is correct: &quot;Textile and textile articles&quot; are indeed an important and growing component of trade between India and Bangladesh. India exports cotton and yarns to Bangladesh, while Bangladesh exports garments and other textile products to India. Statement 3 is incorrect: In the last five years, Bangladesh has been India&#039;s largest trading partner in South Asia. Nepal is a significant partner, but its total trade value with India is typically lower than that of Bangladesh. Evaluating trade relationships requires looking at specific country data and trends. Bangladesh is a major trading partner for India in South Asia, with textiles being a key sector in their bilateral trade.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-the-value-of-indo-sri-lanka-trad\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Consider the following statements :  The value of Indo-Sri Lanka trad\" \/>\n<meta property=\"og:description\" content=\"Statement 1 is incorrect: While Indo-Sri Lanka trade has grown over the longer term, it has not consistently increased every single year over the last decade. Trade figures can fluctuate due to various economic factors, policy changes, and external shocks (like the COVID-19 pandemic or Sri Lanka&#039;s economic crisis). Statement 2 is correct: &quot;Textile and textile articles&quot; are indeed an important and growing component of trade between India and Bangladesh. India exports cotton and yarns to Bangladesh, while Bangladesh exports garments and other textile products to India. Statement 3 is incorrect: In the last five years, Bangladesh has been India&#039;s largest trading partner in South Asia. Nepal is a significant partner, but its total trade value with India is typically lower than that of Bangladesh. Evaluating trade relationships requires looking at specific country data and trends. Bangladesh is a major trading partner for India in South Asia, with textiles being a key sector in their bilateral trade.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-the-value-of-indo-sri-lanka-trad\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T11:05:00+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Consider the following statements :  The value of Indo-Sri Lanka trad","description":"Statement 1 is incorrect: While Indo-Sri Lanka trade has grown over the longer term, it has not consistently increased every single year over the last decade. Trade figures can fluctuate due to various economic factors, policy changes, and external shocks (like the COVID-19 pandemic or Sri Lanka's economic crisis). Statement 2 is correct: \"Textile and textile articles\" are indeed an important and growing component of trade between India and Bangladesh. India exports cotton and yarns to Bangladesh, while Bangladesh exports garments and other textile products to India. Statement 3 is incorrect: In the last five years, Bangladesh has been India's largest trading partner in South Asia. Nepal is a significant partner, but its total trade value with India is typically lower than that of Bangladesh. Evaluating trade relationships requires looking at specific country data and trends. Bangladesh is a major trading partner for India in South Asia, with textiles being a key sector in their bilateral trade.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-the-value-of-indo-sri-lanka-trad\/","og_locale":"en_US","og_type":"article","og_title":"Consider the following statements :  The value of Indo-Sri Lanka trad","og_description":"Statement 1 is incorrect: While Indo-Sri Lanka trade has grown over the longer term, it has not consistently increased every single year over the last decade. Trade figures can fluctuate due to various economic factors, policy changes, and external shocks (like the COVID-19 pandemic or Sri Lanka's economic crisis). Statement 2 is correct: \"Textile and textile articles\" are indeed an important and growing component of trade between India and Bangladesh. India exports cotton and yarns to Bangladesh, while Bangladesh exports garments and other textile products to India. Statement 3 is incorrect: In the last five years, Bangladesh has been India's largest trading partner in South Asia. Nepal is a significant partner, but its total trade value with India is typically lower than that of Bangladesh. Evaluating trade relationships requires looking at specific country data and trends. Bangladesh is a major trading partner for India in South Asia, with textiles being a key sector in their bilateral trade.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-the-value-of-indo-sri-lanka-trad\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2025-06-01T11:05:00+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-the-value-of-indo-sri-lanka-trad\/","url":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-the-value-of-indo-sri-lanka-trad\/","name":"Consider the following statements : The value of Indo-Sri Lanka trad","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2025-06-01T11:05:00+00:00","dateModified":"2025-06-01T11:05:00+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"Statement 1 is incorrect: While Indo-Sri Lanka trade has grown over the longer term, it has not consistently increased every single year over the last decade. Trade figures can fluctuate due to various economic factors, policy changes, and external shocks (like the COVID-19 pandemic or Sri Lanka's economic crisis). Statement 2 is correct: \"Textile and textile articles\" are indeed an important and growing component of trade between India and Bangladesh. India exports cotton and yarns to Bangladesh, while Bangladesh exports garments and other textile products to India. Statement 3 is incorrect: In the last five years, Bangladesh has been India's largest trading partner in South Asia. Nepal is a significant partner, but its total trade value with India is typically lower than that of Bangladesh. Evaluating trade relationships requires looking at specific country data and trends. Bangladesh is a major trading partner for India in South Asia, with textiles being a key sector in their bilateral trade.","breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-the-value-of-indo-sri-lanka-trad\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-the-value-of-indo-sri-lanka-trad\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-the-value-of-indo-sri-lanka-trad\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"UPSC IAS","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/upsc-ias\/"},{"@type":"ListItem","position":3,"name":"Consider the following statements : The value of Indo-Sri Lanka trad"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/91753","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=91753"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/91753\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=91753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=91753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=91753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}