2023 Economy - Gold Exports

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? (a) Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I (b) Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I (c) Statement-I is correct but Statement-II is incorrect (d) Statement-I is incorrect but Statement-II is correct

• Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
• Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I
• Statement-I is correct but Statement-II is incorrect
• Statement-I is incorrect but Statement-II is correct