Official Answer Key & Detailed Solution
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Correct Answer: Option (D) — Neither 1 nor 2
Concept & Option Breakdown
Standard Reference VerifiedStatement 1 is incorrect: During 2004-2005, India's export growth exceeded 20% (well above 10%) compared to the previous financial year. Statement 2 is incorrect: According to WTO statistics, India's share in world merchandise exports was around 1% in 2005 and remained well below the 2% mark.
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