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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?
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.
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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?.
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