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      Question

      What was the primary cause for India’s merchandise

      exports falling to a 25-month low in November?
      A Rise in petroleum product prices Correct Answer Incorrect Answer
      B Increased gold imports Correct Answer Incorrect Answer
      C Decline in petroleum product prices Correct Answer Incorrect Answer
      D Slowdown in demand from China Correct Answer Incorrect Answer
      E Decrease in agricultural exports Correct Answer Incorrect Answer

      Solution

      India’s merchandise exports fell by 4.83% in November, reaching a 25-month low, primarily due to an unprecedented fall in petroleum product prices. The export value decline was linked directly to this drop, despite a 9.6% increase in export volumes between April and October.

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