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With reference to the International North-South Transport Corridor, consider the following statements:
  1. It was conceptualized at the Euro-Asian Conference on Transport in 2000.
  2. The corridor encompasses only the sea route.
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 International North-South Transport Corridor, co...
Recently, the Ministry of Ports, Shipping and Waterways, in association with India Ports Global Ltd, conducted a workshop on the ‘Linking Chabahar Port with INSTC’ in Mumbai.
Key facts about International North-South Transport Corridor
  • It is a multimodal transportation agreement formed with a trilateral agreement between India, Iran and Russia at the Euro-Asian Conference on Transport in 2000. 
  • It links the Indian Ocean to the Caspian Sea via the Persian Gulf onwards into Russia and Northern Europe.
  • The corridor encompasses sea, road and rail routes.
  • The main purpose of the corridor was to reduce carriage costs and transit time between India and Russia. The transit time is expected to reduce to almost half, once the corridor becomes fully functional.
  • The agreement has been ratified by 13 countries namely, Azerbaijan, Belarus, Bulgaria, Armenia, India, Iran, Kazakhstan, Kyrgyzstan, Oman, Russia, Tajikistan, Turkey, and Ukraine.
Hence only statement 1 is correct.
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With reference to the International North-South Transport Corridor, consider the following statements: It was conceptualized at the Euro-Asian Conference on Transport in2000. The corridor encompasses only the sea route.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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