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Persistness weakness in global demand and the lower value of oil products led India’s merchandise exports to fall for the sixth straight month in May .
I.There will be an increase in the domestic demand of gold and jewellery
II.There will be an increase in the collection of indirect taxes in the month of April and May
If only 1 follows
If only 2 follows
If either 1 or 2 follows
If neither 1 nor 2 follows
If both 1 & 2 follow
Decline in Gold imports is a major reason.
Hence, option 2 is the correct answer.
By: Amit Kumar ProfileResourcesReport error
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