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    Question

    According to the Union Budget 2023-24, consider the following statements. 

    1. Monthly merchandise exports declined from US$ 39.7 billion in April 2022 to US$ 34.5 billion in December 2022. 

    2. Merchandise imports for April-December 2022 were US$ 551.7 billion against US$ 441.5 billion during April-December 2021.

    3. Trade deficit increased during the period.

    Which of the above statements is/are not correct?

    A 1 and 2 only Correct Answer Incorrect Answer
    B 1 and 3 only Correct Answer Incorrect Answer
    C 2 and 3 only Correct Answer Incorrect Answer
    D 1, 2 and 3 Correct Answer Incorrect Answer
    E 3 only Correct Answer Incorrect Answer

    Solution

    The correct answer is D

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