44. Consider the following statements regarding SASEC (South Asia sub regional economic cooperation):

i) It was established in 2001 in response to the request of the four countries of South Asia – Bangladesh, Bhutan, India and Nepal – from ADB to assist in facilitating economic cooperation among them

ii) Its nine members are Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal, Pakistan, Laos and Sri Lanka.

Which of the following above statements are correct?

a) i only

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b) ii only

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c) Both i and ii

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d) Neither i nor ii

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Solution

The correct option is A
a) i only

A)
Explanation:

SASEC program is a project-based partnership to promote regional prosperity by improving cross-border connectivity, boosting trade among member countries and strengthening regional economic cooperation. It was established in 2001 in response to the request of the four countries of South Asia – Bangladesh, Bhutan, India and Nepal – from ADB to assist in facilitating economic cooperation among them. ADB is the secretariat and lead financier of the SASEC program. So far, it has supported 46 projects worth $9.17 billion in transport, trade facilitation, energy and information and communications technology (ICT). Its seven members are Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal and Sri Lanka

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