Consider the following statements 1. BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) is visualized as a bridging link between ASEAN and SAARC. 2. It was formerly known as the Bangkok Agreement. Which of the stateme

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Q: 55 (CDS-II/2007)
Consider the following statements
1. BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) is visualized as a bridging link between ASEAN and SAARC.
2. It was formerly known as the Bangkok Agreement.
Which of the statements given above is/ are correct ?

question_subject: 

General Knowledge

question_exam: 

CDS-II

stats: 

0,13,25,13,4,18,3

keywords: 

{'asean': [0, 0, 10, 6], 'bangkok agreement': [0, 0, 2, 0], 'bimstec': [0, 0, 0, 1], 'bridging link': [0, 0, 2, 0], 'economic cooperation': [0, 0, 6, 8], 'bengal initiative': [0, 0, 1, 2], 'saarc': [0, 0, 2, 8], 'multi': [0, 0, 2, 0]}

The correct answer is option 1, which states that statement 1 is correct while statement 2 is incorrect.

Statement 1 is correct because BIMSTEC is indeed visualized as a bridging link between ASEAN (Association of Southeast Asian Nations) and SAARC (South Asian Association for Regional Cooperation). It aims to promote regional cooperation and integration between countries in the Bay of Bengal region, connecting these two major regional organizations.

Statement 2 is incorrect because BIMSTEC was not formerly known as the Bangkok Agreement. The Bangkok Agreement is a separate agreement between countries in the Asia-Pacific region to promote trade and economic cooperation. BIMSTEC, on the other hand, was established in 1997 as a regional organization with a broader focus on multiple sectors such as trade, technology, energy, tourism, and more.

In conclusion, statement 1 is correct as BIMSTEC serves as a bridging link between ASEAN and SAARC, while statement 2 is incorrect as BIMSTEC was not formerly known as the Bangkok Agreement.