8.With reference to India's merchandise exports, consider the following statements:

Question

1. Engineering exports increased by 10% in January 2023.
2. The drop in imports during January suggests that domestic demand growth is strong.
3. Only a part of the stepdown in exports can be attributed to lower commodity prices.
4. Textiles and jewellery are among the top 30 export items that saw a decline in January.

 

How many statements given above are correct?

 

(a) Only one statement

(b) Only two statements

(c) Only three statements

(d) All four statements