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International trade - South-South trade

1 UPSC Prelims MCQs tagged "International trade - South-South trade". Free practice with answer keys, explanations, and timed mock tests on Anantam IAS.

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  1. Consider the following statements:

    Consider the following statements:

    1. ABoth Statement 1 and Statement 2 are correct and Statement 2 explains Statement 1
    2. BBoth Statement 1 and Statement 2 are correct, but Statement 2 does not explain Statement 1
    3. CStatement 1 is correct, but Statement 2 is not correct
    4. DStatement 1 is not correct, but Statement 2 is correct
    Answer and explanation

    Correct answer: A

    South-South trade has indeed expanded far faster than North-South trade over the past two decades, so statement 1 is correct. The growth of regional trading blocs, rapid industrialisation and the rising middle-class consumer base among emerging economies genuinely drives this shift by diversifying export destinations away from developed markets, so statement 2 correctly explains statement 1.

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    Indian Economy UPSC GPSC-2026 Medium