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Which of the following statement is correct in respect of the composition of commodities in India’s international trade? |
The composition of commodities in India’s international trade has largely remained same over the years. In export the share of agriculture and allied products and manufactured goods have increased. In export, share from crude petroleum and products and other commodities have increased. All of the above |
In export, share from crude petroleum and products and other commodities have increased. |
The correct answer is Option 3: In export, share from crude petroleum and products and other commodities have increased. Option 1: The composition of commodities in India’s international trade has largely remained same over the years. This statement is incorrect because the composition of commodities has been changing over the years. Option 2: In export the share of agriculture and allied products and manufactured goods have increased. This statement is incorrect because their share has decreased over the years. Option 3: In export, share from crude petroleum and products and other commodities have increased. This statement is correct. NCERT: The composition of commodities in India’s international trade has been undergoing a change over the years. In export the share of agriculture and allied products and manufactured goods have decreased, whereas, share from crude petroleum and products and other commodities have increased. The share of ore and minerals have largely remained constant over the years from 2015-16 to 2021-22. |
