Consider the following statements: 1. FY 2004-05 export increase was below 10% over FY 2003-04. 2. WTO says India's share in world merchandise exports was 2% in 2005. Which of the statements given above is/are correct?
- A1 only
- B2 only
- CBoth 1 and 2
- DNeither 1 nor 2Correct
Explanation
The correct answer is D because both statements are factually incorrect based on economic data from that period.
Regarding statement 1, Indias merchandise exports in FY 2004-05 actually showed a robust growth of approximately 26 percent compared to FY 2003-04. This was significantly higher than the 10 percent figure mentioned in the statement.
Regarding statement 2, according to WTO reports, Indias share in world merchandise exports in 2005 was approximately 1 percent. It did not reach the 2 percent mark during that year.
Since both statements are false, the correct option is Neither 1 nor 2.
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