Question
Consider the following statements: 1. Under
Nepal-India Treaty of Trade (2009) duty-free access into the Indian market for all Nepali-manufactured goods is provided on a non-reciprocal basis. 2. There has been a free trade and commerce between the territories of India and Bhutan since the signing of the Treaty between the Government of India (GoI) and the Royal Government of Bhutan (RGoB) in 1949. 3. Indian government has started trade in the rupee with neighbouring countries, including Nepal and Bhutan. 4. India is part of the BIMSTEC (Bay of Bengal Initiative for MultiSectoral Technical and Economic Cooperation) which aims to bridge South and West Asia. Which of the statements above is/are correct?Solution
The correct answer is A
Which of the following statements is/are correct?
I. Only marketed goods are considered while estimating Gross Domestic Product (GDP).
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