New RBI Grade B Notification Coming Soon... Prepare with Us!! Click here to enroll

    Register

    Question

    Which of the following statements is/are not true as regards to the Indo-Pacific Economic Framework (IPEF)?

    1. It is a US-led initiative that aims to strengthen economic partnership among participating countries to enhance resilience, sustainability, inclusiveness, economic growth, fairness, and competitiveness in the Indo-Pacific region.
    2. The IPEF was launched in 2021 with a dozen initial partners who together represent 40% of the world GDP.
    3. The IPEF is a Free Trade Agreement (FTA) that allows members to negotiate the parts they want to. The negotiations will be along four main “pillars”.

    A 1 only Correct Answer Incorrect Answer
    B 2 only Correct Answer Incorrect Answer
    C 3 only Correct Answer Incorrect Answer
    D 1 & 2 Correct Answer Incorrect Answer

    Solution

    The IPEF is not a Free Trade Agreement (FTA) but allows members to negotiate the parts they want to. The negotiations will be along four main “pillars”.

    Practice Next

    Relevant for Exams:

    ×
    ×