Q. With reference to Free Trade Agreement between India and U.K. consider the following statements:
1.It will increase the exports of goods and services from India to UK.
2.The imports from UK could lead to job losses in some sectors in India.
Select the correct statements using the codes given below:

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C
Notes:

Statement 1 and 2 are correct. The FTA between India and U.K. will increase the exports of goods and services especially IT sector, to the UK. The imports from UK could lead to job losses in those sectors in India where the import is taking place.

Source: ForumIAS