wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Q. In the context of India- European Union(EU) trade relations, Consider the following statements:

Which of the statements given above is/are correct?

A

1 and 2 only
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B

1 only
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C

2 and 3 only
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D

1, 2 and 3
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B
1 only
Explanation:

Statement 1 is correct:
The EU is India's largest trading partner, accounting for €80 billion worth of trade in goods in 2019 or 11.1% of total Indian trade, on par with the USA and ahead of China (10.7%).

Statement 2 is incorrect: India and EU are currently negotiating a Broad-Based Trade and Investment Agreement.

Statement 3 is incorrect: The EU is the second-largest destination for Indian exports (over 14% of the total) after the USA.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Imports, Exports, and Balance of Trade
GEOGRAPHY
Watch in App
Join BYJU'S Learning Program
CrossIcon