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UPSC Prelims 2023 Paper-1 📅 28 May, 2023

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
Result Summary
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UPSC Prelims
2023 • 28 May, 2023 • Paper-1
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?
Correct Answer
Statement-I is correct but Statement-II is incorrect
Subject: Economy.Context: International Economics & Resources.Details: Statement I is correct; Switzerland possesses massive refining capacity and is globally t......
Ref/Book : UPSC Prelims 2023
Ref. Subject Economy
Chapter -
Ref. Topic Global Trade
Pg. No -
💡 Analysis & Explanation
Subject ▼
Economy.
Context ▼
International Economics & Resources.
Details ▼
Statement I is correct; Switzerland possesses massive refining capacity and is globally the top exporter of refined gold by value. Statement II is incorrect; the United States holds the world's largest official gold reserves, followed by Germany, Italy, and France. Switzerland's reserves rank seventh or eighth, not second.
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