UPSC 2023EconomyModerate

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
International Trade & ReservesGold Exports and Reserves (Switzerland)Switzerlandgold exportersgold reservesvalueglobal tradeprecious metalscentral bank reservescommodity markets

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