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?
(a) Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
(b) Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-1
(c) Statement-l is correct but Statement-II is incorrect
(d) Statement-I is incorrect but Statement-II is correct
Answer: C
The correct answer is (c).
Statement-I is correct. Switzerland is one of the leading exporters of gold in terms of value. In 2021, Switzerland exported gold worth $87 billion. This was more than any other country except the United Kingdom.
Statement-II is incorrect. Switzerland does not have the second largest gold reserves in the world. The United States has the largest gold reserves in the world, with 8,133.5 tons of gold. Germany has the second largest gold reserves in the world, with 3,359.1 tons of gold. Switzerland has the third largest gold reserves in the world, with 1,040 tons of gold.
Therefore, Statement-I is correct but Statement-II is incorrect.
