WBCS.LIVE practice question

Which country is the largest importer of Gold?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. USA
  2. France
  3. Germany
  4. India

Correct answer and explanation

Correct answer: India

Explanation: āœ… Correct Answer: D. India šŸ“š Explanation: India is the world's largest consumer and importer of gold because of its high demand for jewelry and as a safe investment. Gold holds deep cultural and economic value for many Indian families. The country imports a massive volume of the metal every year to satisfy domestic needs. This high import rate significantly impacts the nation's trade balance and foreign exchange.