Q80: GPSC Prelims 2026 GS: Previous Year Question with Answer

Consider the following statements: Statement 1: Over the last two decades, the volume of South-South trade (trade between developing nations) has expanded at a considerably faster rate than North-South trade. Statement 2: The proliferation of regional trading blocs among emerging economies, combined with their rapid industrialization and growing middle-class consumer bases, has diversified their export destinations away from traditional developed markets. Which one of the following is correct in respect of the above statements?