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Question
Q. Consider the following statements with regard to the BBIN MVA (Motor Vehicle Agreement) Initiative:
Which of the statements given above is/are correct?
Q. Consider the following statements with regard to the BBIN MVA (Motor Vehicle Agreement) Initiative:
Which of the statements given above is/are correct?Open in App
Solution
The correct option is A 1 and 2 only
Explanation:
Statement 1 is correct: Bangladesh, Bhutan, India and Nepal (BBIN) had signed a framework MVA to enable movement of passenger and cargo vehicles across borders among the four countries.
Statement 2 is correct: The Asian Development Bank(ADB) has been providing technical, advisory, and financial support to the BBIN MVA initiative as part of its assistance to the South Asia Subregional Economic Cooperation (SASEC) program.
Statement 3 is incorrect: Bhutan is reluctant to join the initiative due to environmental concerns.
Explanation:
Statement 1 is correct: Bangladesh, Bhutan, India and Nepal (BBIN) had signed a framework MVA to enable movement of passenger and cargo vehicles across borders among the four countries.
Statement 2 is correct: The Asian Development Bank(ADB) has been providing technical, advisory, and financial support to the BBIN MVA initiative as part of its assistance to the South Asia Subregional Economic Cooperation (SASEC) program.
Statement 3 is incorrect: Bhutan is reluctant to join the initiative due to environmental concerns.
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