PYQ 2023 Q66 · RaahUPSC PYQ

2023 · EconomyPrevious Year Question

Q66.

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?

A. Both Statement-I and Statement-II are correct and Statement- II is the correct explanation for Statement-I

B. Both Statement-I and Statement-II are correct and Statement- II is not the correct explanation for Statement-I

C. Statement-I is correct but Statement- II is incorrect

D. Statement-I is incorrect but Statement-II is correct

Answer

C

Explanation

I is correct: In 2021, Switzerland exported in Gold, making it the 1st largest exporter of in the world. Switzerland is consistently the leading gold exporting country based on value. II is not correct: Australia is way out in front the country with the largest gold mine reserves in the at 10,000 tonnes. Russia is ranked second on the list of the countries with the biggest gold mine in the world with 5,300 tonnes – nearly half the of Australia.