Current Questions

Bilateral, Regional And Global Groupings Affecting India :

North American Free Trade Agreement

Consider the following statements:

  1. The North American Free Trade Agreement(NAFTA) is a treaty between Canada, Mexico and the United States.
  2. The agreement came into force on January 1, 1994, and superseded the 1988 Canada–United States Free Trade Agreement between the United States and Canada.
  3. The United States Mexico Canada Agreement (USMCA) is an updated version NAFTA which includes major changes on cars and new policies on labor and environmental standards, intellectual property protections, and some digital trade provisions.

Choose the correct answer from the codes given below:


The Oslo Accords

Consider the following statements with reference to the Oslo Accords:

  1. The Oslo Accords is an agreement signed between the State of Israel and the Palestine Liberation Organization (PLO), meant to effectively bring the Israeli-Palestinian conflict to its end by means of territorial concessions and facilitating the creation of the Palestinian Authority.
  2. The first phase of the Oslo Accords was implemented on May 4, 1994, as Israel and the PA signed the Cairo Agreement, giving the Palestinians control over Gaza and Jericho.

Which of the statements given above is/are correct?


Instrument In Support Of Trade Exchanges

Consider the following given statements about the Instrument in Support of Trade Exchanges (INSTEX):

  1. INSTEX was established by France, Germany and the United Kingdom in January 2019, to allow European entities to maintain trade with Iran.
  2. The Paris-based INSTEX functions as a clearing house allowing Iran to continue to sell oil and import other products or services in exchange.

Choose the correct answer from the codes given below:


Power Of Siberia

Recently, in collaboration with which of the following given countries, Russia inaugurated cross border gas pipeline named Power of Siberia?


RATS – Regional Anti-Terrorist Structure

Consider the following about RATS – Regional Anti-Terrorist Structure recently seen in news:

  1. It is a permanent body of SCO created to combat terrorism, separatism and extremism.
  2. It is a policy making and coordinating body and does not concern with staging of exercises on ground.

Which of the statements given above is/are correct?


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