UPSC CSE Prelims
Question 82
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?
View correct answer and explanation
Correct answer: C
Correct Option: C (Statement-I is correct but Statement-II is incorrect)
Explanation: Switzerland is a major gold-refining and export hub, but its monetary gold reserves are far below those of the USA and Germany.
Statement / Pair / Item-wise Analysis:
I. Correct/True - Swiss refineries process imported gold and Switzerland is a high-value gold exporter.
II. Incorrect/False - Switzerland does not have the second-largest official gold reserve; Germany ranks well above it.
Option-wise Analysis:
A. Incorrect-Statement II is false: Switzerland does not have the second-largest official gold reserve; Germany ranks well above it.
B. Incorrect-Statement II is false: Switzerland does not have the second-largest official gold reserve; Germany ranks well above it.
C. Correct-only Statement I is true.
D. Incorrect-Statement I is true, not false: Swiss refineries process imported gold and Switzerland is a high-value gold exporter.