Consider the following statements: I. > In India, during the financial year 2004-05 an increase of below 10 per cent over the value of exports (in rupee terms) in the financial year 2003-04 was reported. II. > According to the WTO, Indias share in the wor

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Q: 136 (IAS/2006)
Consider the following statements:
I. In India, during the financial year 2004-05 an increase of below 10 per cent over the value of exports (in rupee terms) in the financial year 2003-04 was reported.
II. According to the WTO, India’s share in the world merchandise exports crossed two per cent in the year 2005.
Which of the statements given above is/are correct?

question_subject: 

Current Affairs

question_exam: 

IAS

stats: 

0,5,22,5,6,10,6

keywords: 

{'exports': [0, 0, 2, 1], 'world merchandise exports': [0, 0, 1, 0], 'rupee terms': [0, 0, 2, 0], 'per cent': [0, 1, 0, 0], 'financial year': [0, 0, 3, 5], 'wto': [0, 1, 1, 1], 'value': [0, 0, 1, 0], 'increase': [3, 1, 10, 35], 'share': [0, 0, 2, 3], 'india': [8, 1, 7, 13], 'cent': [1, 2, 5, 5]}

The question presents two statements and asks which of them, if any, are correct.

Option 1, `I only`, suggests that only the first statement is correct. This statement clarifies that in India, the increase in export value (in rupee terms) during the financial year 2004-05 was less than 10 per cent over the previous year (2003-04). The correct answer supports this data.

Option 2, `II only`, indicates that only the second statement is correct. This statement asserts that, according to the World Trade Organization (WTO), India`s share in world merchandise exports exceeded two per cent in 2005. However, the given answer concludes that this statement is incorrect.

Option 3, `Both I and II`, suggests that both statements are correct. However, the given answer rules this out as the second statement is determined to be false.

Option 4, `Neither I nor II`, indicates that both statements are incorrect. Again, the given answer contradicts this as the first statement is deemed to be true.

Therefore, only the first statement is correct, as indicated in Option 1.