{"id":45639,"date":"2024-04-15T22:00:53","date_gmt":"2024-04-15T22:00:53","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=45639"},"modified":"2024-04-15T22:00:53","modified_gmt":"2024-04-15T22:00:53","slug":"which-one-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","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-one-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\/","title":{"rendered":"Which one of the following statements about the Trans &#8211; 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 &#8211; changer in global trade as member countries account for about 40% of global GDP. 3. India is a founder member of TPP. Select the correct answer using the code given below."},"content":{"rendered":"<p>[amp_mcq option1=&#8221;1, 2 and 3&#8243; option2=&#8221;1 and 2 only&#8221; option3=&#8221;2 and 3 only&#8221; option4=&#8221;1 only&#8221; correct=&#8221;option2&#8243;]<!--more--><\/p>\n<p>The correct answer is: <strong>B. 1 and 2 only<\/strong><\/p>\n<p>The Trans-Pacific Partnership (TPP) is a trade agreement between 12 Pacific Rim countries: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and the United States. The TPP was signed in February 2016 and is expected to come into force in 2018.<\/p>\n<p>The TPP is likely to be a game-changer in global trade as member countries account for about 40% of global GDP. The agreement will eliminate tariffs on goods and services traded between member countries, and will also include provisions on intellectual property, investment, and labor.<\/p>\n<p>India is not a member of the TPP. The country was initially invited to join the negotiations, but it withdrew in 2011. India&#8217;s decision to withdraw was reportedly due to concerns about the impact of the agreement on its domestic industries.<\/p>\n<p>Option 1 is correct. The TPP was signed by 12 Pacific Rim Nations in the year 2015.<\/p>\n<p>Option 2 is correct. The TPP is likely to be a game &#8211; changer in global trade as member countries account for about 40% of global GDP.<\/p>\n<p>Option 3 is incorrect. India is not a founder member of TPP.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;1, 2 and 3&#8243; option2=&#8221;1 and 2 only&#8221; option3=&#8221;2 and 3 only&#8221; option4=&#8221;1 only&#8221; correct=&#8221;option2&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[956],"tags":[],"class_list":["post-45639","post","type-post","status-publish","format-standard","hentry","category-world-organisations","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Which one 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% of global GDP. 3. India is a founder member of TPP. Select the correct answer using the code given below.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/which-one-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\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Which one 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. 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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% of global GDP. 3. India is a founder member of TPP. Select the correct answer using the code given below.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/which-one-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\/","og_locale":"en_US","og_type":"article","og_title":"Which one 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% of global GDP. 3. India is a founder member of TPP. 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