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UPSC Prelims 2023Question 86Economy

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?

Options

  1. (a)Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
  2. (b)Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I
  3. (c)Statement-I is correct but Statement-II is incorrect
  4. (d)Statement-I is incorrect but Statement-II is correct

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