Q180
Current Affairs & General KnowledgeEconomy, Banking & Business
India imports maximum gold from which country?
- a.Switzerland
- b.UAE
- c.South Africa
- d.Brazil
Answer: (A) Switzerland
Answer as of 2018 — this may have changed since.
Switzerland is the largest source of India's gold imports, because it is the world's biggest gold refining and transit centre; the UAE is usually second, with South Africa and other countries following. India is among the world's largest consumers of gold along with China, and gold is one of its biggest import items after crude oil, which adds to the current account deficit.