Question
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?
Correct Answer — C
Explanation
Statement I is correct: Switzerland is genuinely the world’s largest exporter of gold by value, refining and re-exporting bullion to markets like India, China, and the US.
Statement II is incorrect: Switzerland does not hold the world’s second-largest gold reserves — that honour typically goes to countries like the USA, Germany, and Italy; Switzerland actually ranks around seventh.
Since only Statement I is accurate, the answer is Option C.