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Consider the following statements:
Pancheshwar Multipurpose Project is a hydropower project to be developed between Nepal and India under integrated Mahakali Treaty.
India is Nepal’s largest trade partner and the largest source of foreign investments
Both India and Nepal are the members of SAARC, BIMSTEC and ASEAN.
Which of the statements given above is/are not correct?
- a)1 and 2 only
- b)2 and 3 only
- c)3 only
- d)1 and 3 only
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements: Pancheshwar Multipurpose Proje...
The correct answer is option 'C' which means that statement 3 only is incorrect. Let's analyze each statement to understand why.
1. Pancheshwar Multipurpose Project is a hydropower project to be developed between Nepal and India under integrated Mahakali Treaty.
This statement is correct. The Pancheshwar Multipurpose Project is indeed a hydropower project that is planned to be developed jointly by Nepal and India. It is governed by the integrated Mahakali Treaty, which was signed between the two countries in 1996. The project aims to construct a dam on the Mahakali River and generate electricity for both Nepal and India.
2. India is Nepal’s largest trade partner and the largest source of foreign investments.
This statement is also correct. India has historically been Nepal's largest trade partner, accounting for a significant portion of Nepal's exports and imports. Additionally, India is the largest source of foreign direct investment (FDI) in Nepal. Indian companies have invested in various sectors of Nepal's economy, including hydropower, manufacturing, tourism, and banking.
3. Both India and Nepal are members of SAARC, BIMSTEC, and ASEAN.
This statement is incorrect. While India and Nepal are both members of the South Asian Association for Regional Cooperation (SAARC) and the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC), Nepal is not a member of the Association of Southeast Asian Nations (ASEAN). ASEAN is a regional organization comprising ten Southeast Asian countries, and Nepal is not geographically located in Southeast Asia.
In conclusion, statement 3 only is incorrect because Nepal is not a member of ASEAN.
1. Pancheshwar Multipurpose Project is a hydropower project to be developed between Nepal and India under integrated Mahakali Treaty.
This statement is correct. The Pancheshwar Multipurpose Project is indeed a hydropower project that is planned to be developed jointly by Nepal and India. It is governed by the integrated Mahakali Treaty, which was signed between the two countries in 1996. The project aims to construct a dam on the Mahakali River and generate electricity for both Nepal and India.
2. India is Nepal’s largest trade partner and the largest source of foreign investments.
This statement is also correct. India has historically been Nepal's largest trade partner, accounting for a significant portion of Nepal's exports and imports. Additionally, India is the largest source of foreign direct investment (FDI) in Nepal. Indian companies have invested in various sectors of Nepal's economy, including hydropower, manufacturing, tourism, and banking.
3. Both India and Nepal are members of SAARC, BIMSTEC, and ASEAN.
This statement is incorrect. While India and Nepal are both members of the South Asian Association for Regional Cooperation (SAARC) and the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC), Nepal is not a member of the Association of Southeast Asian Nations (ASEAN). ASEAN is a regional organization comprising ten Southeast Asian countries, and Nepal is not geographically located in Southeast Asia.
In conclusion, statement 3 only is incorrect because Nepal is not a member of ASEAN.
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Community Answer
Consider the following statements: Pancheshwar Multipurpose Proje...
Development of Pancheshwar Multipurpose Project is a mutual interest project between Nepal and India under integrated Mahakali Treaty.
Hence statement 1 is correct: India is Nepal’s largest trade partner and the largest source of foreign investments, besides providing transit for almost the entire third country trade of Nepal.
Hence statement 2 is correct: Both India and Nepal are the members of SAARC and BIMSTEC not the members of ASEAN. Hence statement 3 is not correct.
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Consider the following statements: Pancheshwar Multipurpose Project is a hydropower project to be developed between Nepal and India under integrated Mahakali Treaty. India is Nepal’s largest trade partner and the largest source of foreign investments Both India and Nepal are the members of SAARC, BIMSTEC and ASEAN. Which of the statements given above is/are not correct?a)1 and 2 onlyb)2 and 3 onlyc)3 onlyd)1 and 3 onlyCorrect answer is option 'C'. Can you explain this answer?
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Consider the following statements: Pancheshwar Multipurpose Project is a hydropower project to be developed between Nepal and India under integrated Mahakali Treaty. India is Nepal’s largest trade partner and the largest source of foreign investments Both India and Nepal are the members of SAARC, BIMSTEC and ASEAN. Which of the statements given above is/are not correct?a)1 and 2 onlyb)2 and 3 onlyc)3 onlyd)1 and 3 onlyCorrect answer is option 'C'. 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 Consider the following statements: Pancheshwar Multipurpose Project is a hydropower project to be developed between Nepal and India under integrated Mahakali Treaty. India is Nepal’s largest trade partner and the largest source of foreign investments Both India and Nepal are the members of SAARC, BIMSTEC and ASEAN. Which of the statements given above is/are not correct?a)1 and 2 onlyb)2 and 3 onlyc)3 onlyd)1 and 3 onlyCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements: Pancheshwar Multipurpose Project is a hydropower project to be developed between Nepal and India under integrated Mahakali Treaty. India is Nepal’s largest trade partner and the largest source of foreign investments Both India and Nepal are the members of SAARC, BIMSTEC and ASEAN. Which of the statements given above is/are not correct?a)1 and 2 onlyb)2 and 3 onlyc)3 onlyd)1 and 3 onlyCorrect answer is option 'C'. Can you explain this answer?.
Consider the following statements: Pancheshwar Multipurpose Project is a hydropower project to be developed between Nepal and India under integrated Mahakali Treaty. India is Nepal’s largest trade partner and the largest source of foreign investments Both India and Nepal are the members of SAARC, BIMSTEC and ASEAN. Which of the statements given above is/are not correct?a)1 and 2 onlyb)2 and 3 onlyc)3 onlyd)1 and 3 onlyCorrect answer is option 'C'. 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 Consider the following statements: Pancheshwar Multipurpose Project is a hydropower project to be developed between Nepal and India under integrated Mahakali Treaty. India is Nepal’s largest trade partner and the largest source of foreign investments Both India and Nepal are the members of SAARC, BIMSTEC and ASEAN. Which of the statements given above is/are not correct?a)1 and 2 onlyb)2 and 3 onlyc)3 onlyd)1 and 3 onlyCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements: Pancheshwar Multipurpose Project is a hydropower project to be developed between Nepal and India under integrated Mahakali Treaty. India is Nepal’s largest trade partner and the largest source of foreign investments Both India and Nepal are the members of SAARC, BIMSTEC and ASEAN. Which of the statements given above is/are not correct?a)1 and 2 onlyb)2 and 3 onlyc)3 onlyd)1 and 3 onlyCorrect answer is option 'C'. Can you explain this answer?.
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