|Which of the following factors have caused recent ballooning of India's trade deficit with China?|
|1. Low export of iron ore from India. 2. Indian ban on power equipments from China-|
|3. Protectionist measures adopted by China. 4. Eurozone economic slowdown,|
|Select the correct answer using the codes given below.|
A) 3 and 4
B) 1 and 2
C) 1 and 3
D) All of these
Correct Answer: C
Solution :[c] The low export of iron ore to China is due to Supreme Court's ban on iron ore mining in many states. China has not relaxed its protectionist measures in sectors of pharmaceuticals and information technology. There is no ban on power equipment from China and Eurozone economic slowdown has resulted in increased trade between India and China.
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