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      Question

      Consider the following statement: I. Bilateral

      Trade between India and the GCC registered an increase of 77.6% on a year-on-year basis in FY 2021-22. II. The total amount of the bilateral trade was $97.35 billion in the fiscal year 2020-21. III. The total amount of the bilateral trade was $154.66 billion in the fiscal year 2021-22.   Which of the above statement is/are not correct
      A I only Correct Answer Incorrect Answer
      B II only Correct Answer Incorrect Answer
      C III only Correct Answer Incorrect Answer
      D I and II only Correct Answer Incorrect Answer
      E II and III only Correct Answer Incorrect Answer

      Solution

      Bilateral Trade between India and the GCC grew from US$ 87.35 billion in FY 2020-21 to US$ 154.66 billion in FY 2021-22, registering an increase of 77.06% on a year-on-year basis.

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