Q1: Which country recently surpassed China to become India's fourth-largest export market?

ANS:B - United Kingdom

The United Kingdom (UK) has overtaken China to become India’s fourth-largest export market as of May 2024, according to Commerce Department data. India's exports to the UK grew significantly, reaching $1.37 billion, driven by various sectors including machinery, food items, pharmaceutical products, textiles, jewellery, iron, and steel. This shift reflects evolving trade dynamics and the strategic importance of the UK market for Indian exports amidst global economic changes and recovery phases.