India's total external trade (merchandise and services exports plus imports) in the fiscal year 2011-12 was approximately $1012.6 billion. Converting this value to Indian Rupees using an approximate average exchange rate for that year (e.g., 1 USD ≈ 50 INR) gives a figure around 50,630 billion INR, which is 50,63,000 crore INR. While the options provided (10,200, 10,300, 91,000, 1,01,000) are significantly smaller than this actual total trade value when interpreted strictly as Crore INR, the question asks for a value that the external trade was "more than". Among the given options, 1,01,000 crore (which is 1010 billion INR) is the largest value listed. Since the actual trade value was 50,63,000 crore INR, it was indeed more than 1,01,000 crore INR. This is the most plausible interpretation given the options and the question phrasing, assuming the question intends to test knowledge about the magnitude of India's trade.
During 2011-12 the value of India’s external trade was more than
Asked in UPPSC Upper Mains 2015 · Topic: Trade Balance and Trade Deficit/Surplus (Historical Trends and Composition of India's Trade Balance (Goods and Services))
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