Based on the Economic Survey 2024-25, the Indian merchandise trade deficit widened due to:
A. Decline of non-petroleum and non-gems and jewellery exports
B. Increase in non-oil and non-gold imports
C. Imposing of ban on jewellery exports
D. Gold imports grew due to early purchases ahead of festive spending and demand for safe haven assets
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India's external sector and trade policy has come up 25 times in 6 exams since 2011.
This question is on The balance of payments and current account, part of India's external sector and trade policy in Indian Economy.
India's external accounts and the deficits that matter.
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Question from the UGC-NET 2025 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.