Which of the following statements about India-Sri Lanka relations is/are correct ? 1. India and Sri Lanka have a Free Trade Agreement. 2. India has emerged as the highest exporter to Sri Lanka as on May 201 4. Select the correct answer using the code give

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Q: 62 (CDS-II/2014)

Which of the following statements about India-Sri Lanka relations is/are correct ?
1. India and Sri Lanka have a Free Trade Agreement.
2. India has emerged as the highest exporter to Sri Lanka as on May 201
4.
Select the correct answer using the code given below:
Consider the following statements: 1. The value of Indo-Sri Lanka trade has consistently increased in the last decade. 2. "Textile and textile articles" constitute an important item of the trade between India and Bangladesh. 3. In the last five years, Nepal has been the largest trading partner of India in South Asia. Q. Which of the statements given above is/are correct? (a) 1 and 2 only (b) 2 only (c) 3 only (d) 1,2 and 3

question_subject: 

Geography

question_exam: 

CDS-II

stats: 

0,45,46,21,15,45,10

keywords: 

{'sri lanka relations': [0, 0, 0, 1], 'sri lanka': [1, 1, 0, 2], 'free trade agreement': [0, 0, 0, 1], 'india': [8, 1, 7, 13], 'highest exporter': [0, 0, 0, 1]}

The correct answer is option 3 - both statement 1 and statement 2 are correct.

Statement 1 states that India and Sri Lanka have a Free Trade Agreement. This means that the two countries have an agreement in place that allows for the free trade of goods between them, with reduced or eliminated tariffs and trade barriers. This agreement promotes trade and economic cooperation between the two countries.

Statement 2 states that India has emerged as the highest exporter to Sri Lanka as of May 2014. This means that India is the country that exports the most goods to Sri Lanka compared to any other country. This indicates a strong economic relationship between the two countries and highlights the importance of trade between them.

Therefore, both statements are correct and indicate the positive and strong bilateral relationship between India and Sri Lanka in terms of trade and economic cooperation.