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Consider the following statements

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

Answer:

(c)

Explanation

Switzerland is the largest exporter of gold in terms of value. However Germany and not Switzerland has the second largest gold reserves in the world.