Q- With reference to the India-Pakistan Trade relations which of the following statements are correct-1- The Bilateral trade between India and Pakistan has consistently decreased in the 2 1st century-2- Recently both India and Pakistan have suspended MFN Most Favoured Nation tag for each other-Select the correct answer using the code below

The correct option is D Neither 1 nor 2Explanation: Statement 1 is incorrect: nbsp; Bilateral trade relations between the two countries have been inconsiste ...

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Question

Q. With reference to the India-Pakistan Trade relations which of the following statements are correct?

Select the correct answer using the code 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:

Bilateral trade relations between the two countries have been inconsistent but in general, the bilateral trade has increased in the 21st century.

Statement 2 is incorrect: After Pulwama Attack, India suspended the MFN tag for Pakistan in 2019. Pakistan never accorded MFN tag to India, citing security reasons.

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Q. With reference to the India-Pakistan Trade relations which of the following statements are correct? Select the correct answer using the code below

Q. With reference to the India-Pakistan Trade relations which of the following statements are correct?

Select the correct answer using the code below