9.With reference to India's trade balance, consider the following statements:

Question

1. The weaker trade balance this year is driven solely by a slowing world economy hurting exports.
2. Domestic demand has helped to prop up imports in India.
3. The goods trade deficit in January was higher than in December.
4. U.S. retail sales rebounded faster than expected 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