| Consider the following: |
| 1. Agriculture accounts for 10% of the total export earnings and provides raw material to large number of industries. |
| 2. Rural areas are the biggest markets for low-priced and middle-priced consumer goods. |
| Which of these statements is/are correct? |
A) Only 1
B) Only 2
C) Both 1 and 2
D) neither 1 nor 2
Correct Answer: C
Solution :
[c] In recent years, India has become one of the biggest refined product exporters in Asia with petroleum accounting for around 20 percent of total exports. The country also exports: engineering goods (19 percent of the total shipments), chemical and pharmaceutical products (14 percent), gems and jewellery (14 percent), agricultural and allied products (10 percent) and textiles and clothing (10 percent). Rural areas are the biggest markets for low-price and middle-priced consumer goods including consumer durables and rural domestic sharing are important sources of resource mobilization.
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