Which of the following statements with regard to the outcomes of the t

Which of the following statements with regard to the outcomes of the talks between the Prime Minister of India and the President of UAE held in February, 2024 is/are correct ?

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1. Both countries signed an agreement on inter-linking of domestic debit/credit cards
2. An MoU was signed on cooperation in digital infrastructure projects
3. Both countries agreed that a Bilateral Investment Treaty shall be signed in the next meeting at the ministerial level

Select the answer using the code given below :

1 and 2 only

2 only

1 and 3 only

1, 2 and 3

Answer is Right!

Answer is Wrong!

This question was previously asked in

UPSC CAPF – 2024

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Statement 1 and Statement 2 are correct, while Statement 3 is incorrect. The agreement on inter-linking of domestic debit/credit cards (Rupay and Jaywan) was signed. An MoU was signed on cooperation in digital infrastructure projects. However, the Bilateral Investment Treaty (BIT) was signed during this visit, not agreed to be signed in a future meeting.

The outcomes of the visit included significant agreements in the financial sector (linking payment systems) and digital infrastructure. The Bilateral Investment Treaty was a key deliverable of this specific visit.

The visit of the Prime Minister of India to the UAE in February 2024 saw several key agreements aimed at deepening economic and technological ties. The inter-linking of Rupay and Jaywan cards facilitates seamless cross-border transactions. The BIT is expected to boost bilateral investment flows by providing greater protection and certainty to investors.

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