2025 · Q115
Which of the following pairs is/are not correctly matched?
| 1 | Global Value Chains (GVC) | International Product Sharing |
| 2 | World Integrated trade Solutions | Database on GVC related Trade |
| 3 | Current Account Deficit (CAD) | Foreign Direct Investment Select the answer using the code given below: |
General KnowledgeIndian Economy
- A1 and 2 only
- B2 and 3 only
- C3 only
- D1, 2 and 3
Explanation
Pair 1 is correctly matched: the Economic Survey 2023-24 itself describes global value chains as involving 'international production sharing' spread across countries. Pair 2 is not correctly matched: WITS (World Integrated Trade Solution) is the World Bank's general trade-and-tariff database, not a database specifically of GVC-related trade. Pair 3 is not correctly matched either: the current account deficit (the excess of imports over exports in the current account) and foreign direct investment (a capital-account item) are distinct concepts, not a matched pair. Hence pairs 2 and 3 are the ones not correctly matched.