UPSC PRELIMS · ECONOMICS · INTERNATIONAL ECONOMY — GOLD TRADE
Consider the following statements : Statement-I : Switzerland is one of the leading exporters of gold in terms of value. Statement-II : Switzerland has the second largest gold reserves in the world. Which one of the following is correct in respect of the above statements?
Take a breath. Choose one. Press A–D on your keyboard if you like.
EXPLANATION
Switzerland is a major gold exporter/refiner, but it does not have the world's second-largest gold reserves. Hence statement I is correct and statement II is incorrect.
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