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The Major Regional Economic Cooperation Initiatives in India: A Detailed Examination

Description: This quiz is designed to assess your knowledge on the major regional economic cooperation initiatives in India. It covers various aspects of these initiatives, including their objectives, achievements, challenges, and significance.
Number of Questions: 15
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Tags: indian economics economic integration regional cooperation
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Which of the following is NOT a major regional economic cooperation initiative in India?

  1. South Asian Association for Regional Cooperation (SAARC)

  2. Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC)

  3. Shanghai Cooperation Organisation (SCO)

  4. Association of Southeast Asian Nations (ASEAN)


Correct Option: D
Explanation:

ASEAN is not a regional economic cooperation initiative in India. It is a regional intergovernmental organization comprising ten Southeast Asian countries.

What is the primary objective of the South Asian Association for Regional Cooperation (SAARC)?

  1. To promote economic and social progress in the region

  2. To enhance regional security and cooperation

  3. To facilitate trade and investment among member countries

  4. To promote cultural and educational exchanges


Correct Option: A
Explanation:

The primary objective of SAARC is to promote economic and social progress in the region through cooperation in various fields, including trade, investment, agriculture, energy, and tourism.

Which country is NOT a member of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC)?

  1. Bangladesh

  2. India

  3. Myanmar

  4. Thailand


Correct Option: D
Explanation:

Thailand is not a member of BIMSTEC. The member countries of BIMSTEC are Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand.

What is the significance of the Shanghai Cooperation Organisation (SCO) for India?

  1. It provides a platform for regional security and cooperation

  2. It facilitates trade and investment among member countries

  3. It promotes cultural and educational exchanges

  4. All of the above


Correct Option: D
Explanation:

The SCO is significant for India as it provides a platform for regional security and cooperation, facilitates trade and investment among member countries, and promotes cultural and educational exchanges.

Which of the following is NOT a challenge faced by regional economic cooperation initiatives in India?

  1. Political differences among member countries

  2. Lack of infrastructure and connectivity

  3. Differences in economic development levels

  4. Common cultural heritage


Correct Option: D
Explanation:

Common cultural heritage is not a challenge faced by regional economic cooperation initiatives in India. Political differences among member countries, lack of infrastructure and connectivity, and differences in economic development levels are some of the challenges faced by these initiatives.

What is the potential impact of regional economic cooperation initiatives on India's economy?

  1. Increased trade and investment

  2. Improved infrastructure and connectivity

  3. Enhanced regional security and cooperation

  4. All of the above


Correct Option: D
Explanation:

Regional economic cooperation initiatives have the potential to increase trade and investment, improve infrastructure and connectivity, and enhance regional security and cooperation, all of which can have a positive impact on India's economy.

Which of the following is NOT a major achievement of the South Asian Association for Regional Cooperation (SAARC)?

  1. Establishment of the SAARC Development Fund

  2. Implementation of the SAARC Preferential Trading Arrangement (SAPTA)

  3. Creation of the SAARC Free Trade Area (SAFTA)

  4. Adoption of the SAARC Charter


Correct Option: C
Explanation:

The SAARC Free Trade Area (SAFTA) has not been created yet. The other achievements mentioned are major milestones in the history of SAARC.

What is the primary focus of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC)?

  1. Promoting trade and investment among member countries

  2. Enhancing regional security and cooperation

  3. Facilitating cultural and educational exchanges

  4. Promoting sustainable development in the region


Correct Option: D
Explanation:

The primary focus of BIMSTEC is to promote sustainable development in the region through cooperation in various fields, including trade, investment, agriculture, energy, and tourism.

Which of the following is NOT a member of the Shanghai Cooperation Organisation (SCO)?

  1. China

  2. Russia

  3. India

  4. Pakistan


Correct Option: D
Explanation:

Pakistan is not a member of the SCO. The member countries of the SCO are China, Russia, India, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, and Pakistan.

What is the significance of the Association of Southeast Asian Nations (ASEAN) for India?

  1. It provides a platform for regional security and cooperation

  2. It facilitates trade and investment between India and ASEAN countries

  3. It promotes cultural and educational exchanges

  4. All of the above


Correct Option: D
Explanation:

The ASEAN is significant for India as it provides a platform for regional security and cooperation, facilitates trade and investment between India and ASEAN countries, and promotes cultural and educational exchanges.

Which of the following is NOT a challenge faced by regional economic cooperation initiatives in India?

  1. Political differences among member countries

  2. Lack of infrastructure and connectivity

  3. Differences in economic development levels

  4. Common cultural heritage


Correct Option: D
Explanation:

Common cultural heritage is not a challenge faced by regional economic cooperation initiatives in India. Political differences among member countries, lack of infrastructure and connectivity, and differences in economic development levels are some of the challenges faced by these initiatives.

What is the potential impact of regional economic cooperation initiatives on India's economy?

  1. Increased trade and investment

  2. Improved infrastructure and connectivity

  3. Enhanced regional security and cooperation

  4. All of the above


Correct Option: D
Explanation:

Regional economic cooperation initiatives have the potential to increase trade and investment, improve infrastructure and connectivity, and enhance regional security and cooperation, all of which can have a positive impact on India's economy.

Which of the following is NOT a major achievement of the South Asian Association for Regional Cooperation (SAARC)?

  1. Establishment of the SAARC Development Fund

  2. Implementation of the SAARC Preferential Trading Arrangement (SAPTA)

  3. Creation of the SAARC Free Trade Area (SAFTA)

  4. Adoption of the SAARC Charter


Correct Option: C
Explanation:

The SAARC Free Trade Area (SAFTA) has not been created yet. The other achievements mentioned are major milestones in the history of SAARC.

What is the primary focus of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC)?

  1. Promoting trade and investment among member countries

  2. Enhancing regional security and cooperation

  3. Facilitating cultural and educational exchanges

  4. Promoting sustainable development in the region


Correct Option: D
Explanation:

The primary focus of BIMSTEC is to promote sustainable development in the region through cooperation in various fields, including trade, investment, agriculture, energy, and tourism.

Which of the following is NOT a member of the Shanghai Cooperation Organisation (SCO)?

  1. China

  2. Russia

  3. India

  4. Pakistan


Correct Option: D
Explanation:

Pakistan is not a member of the SCO. The member countries of the SCO are China, Russia, India, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, and Pakistan.

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