Economic Partnership | MCQs

Explanation

The agreement for the China-Pakistan Economic Corridor (CPEC) was signed during Chinese President Xi Jinping's visit to Pakistan in April 2015.

The China-Pakistan Economic Corridor (CPEC) is a series of energy and infrastructure projects, some of which connect China’s Xinjiang to Gwadar.

Initiated in mid-2013 and formally launched in April 2015.

CPEC is generally described as a $46 billion package of Chinese aid.

Explanation

China remains Pakistan's largest importer partner in 2022-23

while

The United States is the largest export partner 

Explanation

Brexit is the withdrawal of the United Kingdom from the European Union.

Explanation

The India-Nepal-China corridor was a concept proposed by China under its Belt and Road Initiative (BRI) to enhance regional connectivity.

It aimed to link the three countries for trade and infrastructure development, though it faced reservations from India.

Explanation

RCEP was signed virtually, and organized by Vietnam

Explanation

About I2U2

Established: October 2021

First virtual summit: July 2022

The quadrilateral I2U2 stands for “I” for India and Israel and “U” for the US and UAE.