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?

1. A

   1 and 2 only

   1 and 2 only. Indo–Sri Lanka trade value did not rise every year of the decade.

2. B

   2 only

   2 only. Textiles are an important line in the bilateral basket. The ‘always-up’ trade-value claim fails; India-as-principal-petroleum-supplier is not keyed with it.

3. C

   3 only

   3 only. Not the official single limb.

4. D

   1, 2 and 3

   All three. Statement 1 (and 3 as keyed) fail.

Summary. Official key is (b) 2 only. Textiles matter in India–Sri Lanka trade. The last decade did not show a monotonic rise in trade value, and the petroleum-supplier claim is not the keyed companion.