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Consider the following statements with respect to ‘India-Ethiopia Joint Trade Committee’:
  1. India invited Ethiopia to collaborate on integrating the Unified Payment Interface (UPI) with Ethiopia's payment platform infrastructure in Ethswitch.
  2. Ethiopia is one of the largest sources of long-term concessional credit to India for sectors such as rural electrification, sugar industry and railways.
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?
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Consider the following statements with respect to ‘India-Ethiopi...
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Consider the following statements with respect to ‘India-Ethiopi...
  • India invited Ethiopia to collaborate on integrating the Unified Payment Interface (UPI) with Ethiopia's Ethswitch. Ethswitch is a payment platform infrastructure in Ethiopia. Hence, statement 1 is correct.
  • The India-Ethiopia JTC is a bilateral forum that meets periodically to review and enhance trade and investment relations between the two countries.
  • India urged Ethiopia to explore settling trade transactions in the local currency for enhanced bilateral trade and conservation of foreign exchange.
  • Health and pharmaceuticals, automobiles, textiles, infrastructure projects, food, and agro-processing are identified as key sectors for mutual investments.
  • India is one of the largest sources of long-term concessional credit to Ethiopia, with over for sectors such as rural electrification, sugar industry and railways. Hence, statement 2 is not correct.
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Consider the following statements with respect to ‘India-Ethiopia Joint Trade Committee’: India invited Ethiopia to collaborate on integrating the Unified Payment Interface (UPI) with Ethiopias payment platform infrastructure in Ethswitch. Ethiopia is one of the largest sources of long-term concessional credit to India for sectors such as rural electrification, sugar industry and railways.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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Consider the following statements with respect to ‘India-Ethiopia Joint Trade Committee’: India invited Ethiopia to collaborate on integrating the Unified Payment Interface (UPI) with Ethiopias payment platform infrastructure in Ethswitch. Ethiopia is one of the largest sources of long-term concessional credit to India for sectors such as rural electrification, sugar industry and railways.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 Consider the following statements with respect to ‘India-Ethiopia Joint Trade Committee’: India invited Ethiopia to collaborate on integrating the Unified Payment Interface (UPI) with Ethiopias payment platform infrastructure in Ethswitch. Ethiopia is one of the largest sources of long-term concessional credit to India for sectors such as rural electrification, sugar industry and railways.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 Consider the following statements with respect to ‘India-Ethiopia Joint Trade Committee’: India invited Ethiopia to collaborate on integrating the Unified Payment Interface (UPI) with Ethiopias payment platform infrastructure in Ethswitch. Ethiopia is one of the largest sources of long-term concessional credit to India for sectors such as rural electrification, sugar industry and railways.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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