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UPSC PYQPrelims 2023

Civil Services Examination · Question 86

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?

  1. Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
  2. Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I
  3. Statement-I is correct but Statement-II is incorrect
  4. Statement-I is incorrect but Statement-II is correct
Show answer & explanation

Answer: (C) Statement-I is correct but Statement-II is incorrect

Explanation

Switzerland is a top gold exporter (refining hub). The second largest reserves belong to Germany (after the USA).