| I. There are indications that during 1990s some of Indian exports have moved upwards in value addition chain whereby instead of exporting raw materials the country has switched over to export of processed goods. |
| II. There were significant compositional shift within the major manufactured product groups such as engineering goods chemicals and allied products etc. |
A) Only II
B) Only I
C) Both I & II
D) None of the above
Correct Answer: C
Solution :
There are indications that during 1990s, some of Indian exports have moved upwards in value addition chain whereby instead of exporting raw materials, the country has switched over to export of processed goods. There were significant compositional shift within the major manufactured product groups such as engineering goods, chemicals and allied products, etc.
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