With reference to the international trade of India at present, which of the following statements is/are correct?

1. A

   1 and 2 only

   1 and 2 only. Merchandise is usually in deficit; a fall in iron, chemicals, fertiliser and machinery imports is not a stable ‘at present’ fact.

2. B

   2 and 4 only

   2 and 4 only. Keeps a shaky import-composition limb.

3. C

   3 only

   3 only. Services surplus is often true; the item was still dropped.

4. D

   1, 3 and 4 only Answer: (d) Explanation: About India’s merchandise, service and overall trade numbers: About India’s steel and iron export and import Therefore, the correct answer is (d)

   1, 3 and 4 only. Goods deficit, services surplus, overall trade deficit — the usual coaching trio. Import-composition statement 2 is the usual miss.

Summary. The Commission later dropped this item, so there is no official key to mark. Still walk the options. India’s merchandise account is typically in deficit, services in surplus, and the overall current/trade balance can still be in deficit. A claim that steel, chemical, fertiliser and machinery imports have fallen is the unstable limb. WRAP does not stamp Official key on a withdrawn row.