New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    India is NOT part of which of the following Trade

    Organizations?
    A Shanghai Cooperation Organisation (SCO) Correct Answer Incorrect Answer
    B The Asian Infrastructure Investment Bank (AIIB) Correct Answer Incorrect Answer
    C Regional Comprehensive Economic Partnership (RCEP) Correct Answer Incorrect Answer
    D The South Asian Free Trade Area (SAFTA) Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The Shanghai Cooperation Organisation (SCO ) is an Eurasian political, economic, and security organisation, the creation of which was announced on 15 June 2001 in Shanghai, China by the leaders of China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan; the Shanghai Cooperation OrganisationCharter was signed in June 2002 and entered into force on 19 September 2003.These countries, except for Uzbekistan, had been members of the Shanghai Five group, founded on 26 April 1996 in Shanghai. India and Pakistan have joined SCO as full members on 9 June 2017 in Astana, Kazakhstan. The Asian Infrastructure Investment Bank (AIIB) is an multilateral development bank that aims to support the building of infrastructure in the Asia-Pacific region. The bank currently has 56 member states while another 24 are prospective members for a total of 80 approved members and was proposed as an initiative by the government of China. Regional Comprehensive Economic Partnership (RCEP) is a proposed free trade agreement (FTA) between the ten member states of the Association of Southeast Asian Nations (ASEAN) (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, Vietnam) and the six states with which ASEAN has existing free trade agreements (Australia, China, India, Japan, South Korea and New Zealand). The South Asian Free Trade Area (SAFTA) is an agreement reached on 6 January 2004 at the 12th SAARC summit in Islamabad, Pakistan. It created a free trade area of 1.6 billion people in Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka.

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