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a T

· started a discussion

· 1 Months ago

Qno 20 (Question:1056125.2)

Here all three words r given

Question:

DIRECTIONS: Read the following passage carefully and answer the questions given below. Certain words are given in bold to help you locate them while answering some of the questions. 


India and 10-member block of South-East Asian nations have agreed to review their free trade agreement, signed in 2009, to make it more business-friendly and boost economic ties. The two sides also decided to constitute a joint committee for this purpose, according to a statement. This was agreed upon during the meeting between Economic Ministers of ASEAN and Commerce Minister Piyush Goyal in Bangkok on September 10. They met for the 16th AEM-India consultations.

“The Ministers agreed to initiate the review of the ASEAN-India trade in goods agreement to make it more user-friendly, simple, and trade facilitative for businesses,” a joint media statement issued after the meeting said. The Ministers tasked officials to work on the details of the review of the agreement and submit an update rather next ministerial meet. Both the sides also gained the recommendations of the ASEAN-India business council to further promote the potential of bilateral trade through the utilization of the free trade pact as well as cooperation in some areas like financial technology, connectivity, start-ups and innovation.

The India-ASEAN trade in goods pact came into force from January 2010.Under the pact, two trading partners set timelines for eliminating duties on the maximum number of goods traded between the two regions. The 10 ASEAN members are Brunei, Cambodia, Indonesia, Malaysia, Myanmar, Singapore, Thailand, the Philippines, Laos and Vietnam. The bilateral trade between the two sides has increased to $80.8 billion in 2018 from $73.6 billion in 2017.

The recommendations of the ASEAN-India business council was there to further promote:

(I) Potential of bilateral trade

(II) Free trade agreement

(III) Economic ties 

Options:
A) Only (I) 
B) Only (II) 
C) Only (III) 
D) Both (II) and (III) 
E) All (I) (II) and (III) 
Solution:

The correct answer choice is option (e). Refer to the initial and the 2nd paragraph, 3rd line. The passage supports all the three options. 

Knowledge Expert

· commented

· 1 Months ago

Dear student,

The query you mentioned is unclear. Kindly clarify your question once again so as to make it clear. It will help us serve you better.

Best wishes. Keep Learning !

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