1. In all the years shown in graph, the trade deficit is less than the export earning.
It is TRUE.
2. Export earnings increased in every year between 89-90 and 91-92.
In 89-90 export earning is 17 billion dollar
while in 90-91 & as well as 91-92 export earning is 18.5 billion dollar
Hence, this statement is FALSE.
3. In all the years shown in the graph, the earning by exports is less than the expenditure on imports in the preceding year.
This statement is true for the year 87-88 to 93-94
But in 94-95 the export earning is 24.5 billion dollar while the import earning in the year 93-94 is 23.5 billion dollar
So, this statement is also FALSE.
∴ Option A) 1 only is the answer.