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With reference to Supply Chain Resilience Initiative, consider the following statements:
1. It aims to create a virtuous cycle of enhancing supply chain resilience.
2. It aims to attain strong, sustainable, balanced and inclusive growth in the Indo-Pacific region.
3. The initiative has formally been launched jointly by India, Japan, USA and Australia.
Which of the statements given above is/are correct ?
  • a)
    2 and 3 only
  • b)
    1 and 2 only
  • c)
    1 and 3 only
  • d)
    1, 2 and 3
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
With reference to Supply Chain Resilience Initiative, consider the fol...
  • The Supply Chain Resilience Initiative (SCRI) aims to create a virtuous cycle of enhancing supply chain resilience with a view to eventually attaining strong, sustainable, balanced and inclusive growth in the Indo-Pacific region. Hence, statements 1 and 2 are correct.
  • The Trade Ministers of India, Japan and Australia have formally launched the Supply Chain Resilience Initiative (SCRI). Hence, statement 3 is not correct.
    • The trio (India, Japan and Australia) along with the US makes Quad grouping.
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Most Upvoted Answer
With reference to Supply Chain Resilience Initiative, consider the fol...
Explanation:

Statement 1: It aims to create a virtuous cycle of enhancing supply chain resilience.
The first statement is correct. The Supply Chain Resilience Initiative aims to enhance the resilience of supply chains in the Indo-Pacific region. By strengthening supply chains, the initiative aims to create a virtuous cycle of enhancing resilience, which can help countries better withstand disruptions and challenges.

Statement 2: It aims to attain strong, sustainable, balanced and inclusive growth in the Indo-Pacific region.
The second statement is also correct. One of the main objectives of the Supply Chain Resilience Initiative is to achieve strong, sustainable, balanced, and inclusive growth in the Indo-Pacific region. By improving the resilience of supply chains, countries in the region can promote economic growth that benefits all stakeholders.

Statement 3: The initiative has formally been launched jointly by India, Japan, USA and Australia.
The third statement is incorrect. The Supply Chain Resilience Initiative has not been formally launched by India, Japan, USA, and Australia. However, these countries have been actively discussing and collaborating on the initiative to enhance regional supply chain resilience.
Therefore, the correct answer is option B: 1 and 2 only.
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With reference to Supply Chain Resilience Initiative, consider the following statements:1. It aims to create a virtuous cycle of enhancing supply chain resilience.2. It aims to attain strong, sustainable, balanced and inclusive growth in the Indo-Pacific region.3. The initiative has formally been launched jointly by India, Japan, USA and Australia.Which of the statements given above is/are correct ?a)2 and 3 onlyb)1 and 2 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?
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With reference to Supply Chain Resilience Initiative, consider the following statements:1. It aims to create a virtuous cycle of enhancing supply chain resilience.2. It aims to attain strong, sustainable, balanced and inclusive growth in the Indo-Pacific region.3. The initiative has formally been launched jointly by India, Japan, USA and Australia.Which of the statements given above is/are correct ?a)2 and 3 onlyb)1 and 2 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to Supply Chain Resilience Initiative, consider the following statements:1. It aims to create a virtuous cycle of enhancing supply chain resilience.2. It aims to attain strong, sustainable, balanced and inclusive growth in the Indo-Pacific region.3. The initiative has formally been launched jointly by India, Japan, USA and Australia.Which of the statements given above is/are correct ?a)2 and 3 onlyb)1 and 2 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to Supply Chain Resilience Initiative, consider the following statements:1. It aims to create a virtuous cycle of enhancing supply chain resilience.2. It aims to attain strong, sustainable, balanced and inclusive growth in the Indo-Pacific region.3. The initiative has formally been launched jointly by India, Japan, USA and Australia.Which of the statements given above is/are correct ?a)2 and 3 onlyb)1 and 2 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?.
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