UPSC Exam > UPSC Questions > With reference to the Indo-Sri Lanka Free Tra...
Start Learning for Free
With reference to the Indo-Sri Lanka Free Trade Agreement (ISFTA), consider the following statements:
1. The current Indo-Sri Lanka Free Trade Agreement (ISFTA) came into effect in 2000.
2. Since 2015 both countries have comprehensive economic and technological partnership.
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 'A'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
With reference to the Indo-Sri Lanka Free Trade Agreement (ISFTA), con...
Sri Lanka will revive its Free Trade Agreement (FTA) with India and upgrade it to a “a comprehensive economic and technological partnership”, President Ranil Wickremesinghe has said, signalling Colombo’s willingness to revisit a stalled pact.
- The current Indo-Sri Lanka Free Trade Agreement (ISFTA) came into effect in 2000 and several rounds of bilateral discussions later, Colombo and New Delhi are yet to reach an agreement on its upgraded version.
- Mr. Wickremesinghe, as Prime Minister between 2015 and 2019, attempted to sign an upgraded trade pact with India, but was unsuccessful.
Hence, option (a) is the correct answer.
Free Test
FREE
| Start Free Test |
Community Answer
With reference to the Indo-Sri Lanka Free Trade Agreement (ISFTA), con...
The correct answer is option 'A', i.e. statement 1 only is correct.
Explanation:
The Indo-Sri Lanka Free Trade Agreement (ISFTA) is a bilateral trade agreement between India and Sri Lanka. Let's evaluate each statement separately:
1. The current Indo-Sri Lanka Free Trade Agreement (ISFTA) came into effect in 2000: This statement is correct. The ISFTA was signed on December 28, 1998, and it came into effect on March 1, 2000. The agreement aimed to promote bilateral trade and economic cooperation between the two countries.
2. Since 2015 both countries have a comprehensive economic and technological partnership: This statement is incorrect. As of the current information available, there is no comprehensive economic and technological partnership between India and Sri Lanka since 2015. It is possible that there might be other forms of cooperation or agreements between the two countries, but it is not related to the ISFTA.
In conclusion, only statement 1 is correct, and statement 2 is incorrect.
Explanation:
The Indo-Sri Lanka Free Trade Agreement (ISFTA) is a bilateral trade agreement between India and Sri Lanka. Let's evaluate each statement separately:
1. The current Indo-Sri Lanka Free Trade Agreement (ISFTA) came into effect in 2000: This statement is correct. The ISFTA was signed on December 28, 1998, and it came into effect on March 1, 2000. The agreement aimed to promote bilateral trade and economic cooperation between the two countries.
2. Since 2015 both countries have a comprehensive economic and technological partnership: This statement is incorrect. As of the current information available, there is no comprehensive economic and technological partnership between India and Sri Lanka since 2015. It is possible that there might be other forms of cooperation or agreements between the two countries, but it is not related to the ISFTA.
In conclusion, only statement 1 is correct, and statement 2 is incorrect.
Attention UPSC Students!
To make sure you are not studying endlessly, EduRev has designed UPSC study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in UPSC.
|
Explore Courses for UPSC exam
|
|
Top Courses for UPSCView all
With reference to the Indo-Sri Lanka Free Trade Agreement (ISFTA), consider the following statements:1. The current Indo-Sri Lanka Free Trade Agreement (ISFTA) came into effect in 2000.2. Since 2015 both countries have comprehensive economic and technological partnership.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 'A'. Can you explain this answer?
Question Description
With reference to the Indo-Sri Lanka Free Trade Agreement (ISFTA), consider the following statements:1. The current Indo-Sri Lanka Free Trade Agreement (ISFTA) came into effect in 2000.2. Since 2015 both countries have comprehensive economic and technological partnership.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 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the Indo-Sri Lanka Free Trade Agreement (ISFTA), consider the following statements:1. The current Indo-Sri Lanka Free Trade Agreement (ISFTA) came into effect in 2000.2. Since 2015 both countries have comprehensive economic and technological partnership.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 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Indo-Sri Lanka Free Trade Agreement (ISFTA), consider the following statements:1. The current Indo-Sri Lanka Free Trade Agreement (ISFTA) came into effect in 2000.2. Since 2015 both countries have comprehensive economic and technological partnership.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 'A'. Can you explain this answer?.
With reference to the Indo-Sri Lanka Free Trade Agreement (ISFTA), consider the following statements:1. The current Indo-Sri Lanka Free Trade Agreement (ISFTA) came into effect in 2000.2. Since 2015 both countries have comprehensive economic and technological partnership.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 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the Indo-Sri Lanka Free Trade Agreement (ISFTA), consider the following statements:1. The current Indo-Sri Lanka Free Trade Agreement (ISFTA) came into effect in 2000.2. Since 2015 both countries have comprehensive economic and technological partnership.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 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Indo-Sri Lanka Free Trade Agreement (ISFTA), consider the following statements:1. The current Indo-Sri Lanka Free Trade Agreement (ISFTA) came into effect in 2000.2. Since 2015 both countries have comprehensive economic and technological partnership.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 'A'. Can you explain this answer?.
Solutions for With reference to the Indo-Sri Lanka Free Trade Agreement (ISFTA), consider the following statements:1. The current Indo-Sri Lanka Free Trade Agreement (ISFTA) came into effect in 2000.2. Since 2015 both countries have comprehensive economic and technological partnership.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 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of With reference to the Indo-Sri Lanka Free Trade Agreement (ISFTA), consider the following statements:1. The current Indo-Sri Lanka Free Trade Agreement (ISFTA) came into effect in 2000.2. Since 2015 both countries have comprehensive economic and technological partnership.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 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
With reference to the Indo-Sri Lanka Free Trade Agreement (ISFTA), consider the following statements:1. The current Indo-Sri Lanka Free Trade Agreement (ISFTA) came into effect in 2000.2. Since 2015 both countries have comprehensive economic and technological partnership.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 'A'. Can you explain this answer?, a detailed solution for With reference to the Indo-Sri Lanka Free Trade Agreement (ISFTA), consider the following statements:1. The current Indo-Sri Lanka Free Trade Agreement (ISFTA) came into effect in 2000.2. Since 2015 both countries have comprehensive economic and technological partnership.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 'A'. Can you explain this answer? has been provided alongside types of With reference to the Indo-Sri Lanka Free Trade Agreement (ISFTA), consider the following statements:1. The current Indo-Sri Lanka Free Trade Agreement (ISFTA) came into effect in 2000.2. Since 2015 both countries have comprehensive economic and technological partnership.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 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice With reference to the Indo-Sri Lanka Free Trade Agreement (ISFTA), consider the following statements:1. The current Indo-Sri Lanka Free Trade Agreement (ISFTA) came into effect in 2000.2. Since 2015 both countries have comprehensive economic and technological partnership.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 'A'. Can you explain this answer? tests, examples and also practice UPSC tests.
|
|
Explore Courses for UPSC exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup