Out of the USD 650 billion target of exports announced by the Union Minister of Commerce for 2021-22, how much share does services sector’s exports hold?
This questions was previously asked in
SEBI Grade A (Ph 1 Paper 1 2022)
$200 billion
Incorrect Answer$250 billion
Correct Answer$50 billion
Incorrect Answer$100 billion
Incorrect Answer$300 billion
Incorrect AnswerExplanation:
- The Union Minister of Commerce set a target of USD 650 billion for total exports in 2021-22.
- This includes both merchandise (goods) and services exports.
- Out of this, the services sector’s exports target was USD 250 billion.
- Option 1 ($200 billion) is less than the actual targeted amount.
- Option 3 ($50 billion) and Option 4 ($100 billion) are much lower and not correct.
- Option 5 ($300 billion) is higher than the actual services export target.
Correct Answer: Option 2 - $250 billion
![]()
By: Parvesh Mehta