Which one of the following regions of the world supplies the maximum of our imported commodities (in terms of rupee value)?
A
Africa
B
America
C
Asia and Oceania
D
Europe
Correct Answer: Option D
Explanation
1. The question asks which region of the world supplied the maximum value (rupee value) of India's imported commodities around 1998.
2. India's import patterns in the late 1990s showed a significant reliance on developed economies for capital goods, technology, and certain raw materials.
3. Trade data from that period indicates that Europe (including the EU and other European countries) was the largest source region for India's imports in terms of value.
4. While imports from Asia were substantial (especially oil from West Asia), and imports from America were also significant, Europe collectively accounted for the highest share in rupee value.