Which of the following statements about the Trans-Pacific Partnership (TPP) is/are correct? 1. The TPP was signed by 12 Pacific Rim nations in the year 2015. 2. The TPP is likely to be a game-changer in global trade as member countries account for about 4

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Q: 72 (CDS-I/2017)

Which of the following statements about the Trans-Pacific Partnership (TPP) is/are correct?
1. The TPP was signed by 12 Pacific Rim nations in the year 2015.
2. The TPP is likely to be a game-changer in global trade as member countries account for about 40 percent of global GDP.
3. India is a founder member of TPP.
Select the correct answer using the code given below.

question_subject: 

Current Affairs

question_exam: 

CDS-I

stats: 

0,25,62,13,53,9,12

keywords: 

{'tpp': [0, 0, 0, 1], 'pacific rim nations': [0, 0, 0, 1], 'member countries': [0, 3, 1, 13], 'global trade': [0, 0, 0, 1], 'global gdp': [0, 0, 0, 1], 'india': [8, 1, 7, 13]}

The correct answer is option 2: 1 and 2 only.

Option 1 states that the TPP was signed by 12 Pacific Rim nations in 2015. This statement is correct. The TPP, or Trans-Pacific Partnership, was indeed signed in 2015 by 12 countries, including the United States, Japan, Australia, Canada, and others.

Option 2 states that the TPP is likely to be a game-changer in global trade as member countries account for about 40 percent of global GDP. This statement is also correct. The TPP was designed to create a free trade area among its member countries, which together represent a significant portion of global GDP. The agreement aimed to reduce trade barriers and promote economic cooperation among the member nations.

Option 3 states that India is a founder member of TPP. This statement is incorrect. India is not a member of the TPP. The countries that are part of the TPP are primarily in the Pacific Rim region, and India is not included in this group.

Therefore, the correct answer is option 2: 1 and 2 only.