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      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?
      A 1, 2 and 3 only Correct Answer Incorrect Answer
      B 1, 2, 3 and 4 Correct Answer Incorrect Answer
      C 1, 2 and 4 only Correct Answer Incorrect Answer
      D 2, 3 and 4 only Correct Answer Incorrect Answer

      Solution

      The correct answer is A

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