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Consider the following statements regarding Supply chain resilience initiative.
1. It is an initiative of India, Japan and Australia to achieve supply-chain resilience in the Indo-Pacific region.
2. The idea is to reduce the reliance on China for supply of goods and services.
Which of the above statements is/are correct?
  • a)
    1 only 
  • b)
    2 only 
  • c)
    Both 1 and 2 
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Consider the following statements regarding Supply chain resilience in...
In a move to counter China’s dominance of supply chain in the Indo-Pacific region, trade ministers of India, Japan and Australia on Tuesday formally launched the Supply Chain Resilience Initiative (SCRI).
  • The Supply Chain Resilience Initiative 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.
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Consider the following statements regarding Supply chain resilience initiative.1. It is an initiative of India, Japan and Australia to achieve supply-chain resilience in the Indo-Pacific region.2. The idea is to reduce the reliance on China for supply of goods and services.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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