Q. Which of the following statements is/are correct about Regional comprehensive economic partnership (RCEP)?

Select the correct answer using the code given below:

1 only

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2 only

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Both 1 and 2

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Neither 1 nor 2

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Solution

The correct option is D Neither 1 nor 2
Explanation:

Statement 1 is incorrect. – RCEP is a proposed block of 15 countries ASEAN, China, New Zealand, Australia, South Korea, and Japan. ASEAN brings together ten Southeast Asian states – Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. India and the USA are not its members.

Statement 2 is incorrect. India’s concern for cheap Chinese imports was not adequately addressed, hence India removed itself from the RCEP deal and currently is not a part of it.

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Q. Which of the following statements is/are correct about Regional comprehensive economic partnership (RCEP)? Select the correct answer using the code given below:

Q. Which of the following statements is/are correct about Regional comprehensive economic partnership (RCEP)?

Select the correct answer using the code given below: