Consider the following statements regarding “South Asia Sub Regional Economic Cooperation (sasec)”: 1. It was established in 1992. 2. Asian Development Bank serves as secretariat to sasec. Which of the statements given above is/are correct? |ForumIAS

Q. Consider the following statements regarding “South Asia Sub Regional Economic Cooperation (sasec)”:
1.It was established in 1992.
2.Asian Development Bank serves as secretariat to sasec.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: B

Notes:

Explanation: SASEC was established in 2001. ADB serves as secretariat.

It aims to boost intraregional trade and cooperation in South Asia.
Members: Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal and Sri Lanka.

Source: FORUMIAS