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Consider the following statements about BIMSTEC:
1. It is a multinational organization made up solely of South Asian countries.
2. The BIMSTEC Secretariat is based in Dhaka, Bangladesh.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements about BIMSTEC:1. It is a multination...
  • The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is a regional organization.
    • It comprises seven countries. Five of these seven countries- India, Nepal, Sri Lanka, Bhutan and Bangladesh- are from South Asia while the remaining two, Thailand and Myanmar, are from Southeast Asia. 
  • The group remained dormant for many years till it was revived a few years ago as an alternative to the South Asian Association for Regional Cooperation (SAARC), which despite having the potential, has not been able to move forward due to friction between India and Pakistan.
  • Currently, the BIMSTEC is involved in 15 sectors, including trade, technology, agriculture, tourism, fisheries, energy and climate change, and sectoral cooperation.
  • The Permanent Secretariat of BIMSTEC was established in Dhaka, Bangladesh on 13th September, 2014 after a span of 17 years of the founding of BIMSTEC. 
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Consider the following statements about BIMSTEC:1. It is a multinational organization made up solely of South Asian countries.2. The BIMSTEC Secretariat is based in Dhaka, Bangladesh.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
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