Q. Consider the following statements regarding the India-Middle East-Europe Economic Corridor (IMEC):
1.It is designed to develop a free trade agreement between India and the European Union.
2.It combines sea and rail transport to reduce transit time and costs.
Which of the statement(s) given above is/are correct?
Answer: B
Notes:
Explanations –
Statement 1 is incorrect. The India-Middle East-Europe Economic Corridor (IMEC) is a connectivity project aimed at linking India, the Middle East, and Europe through a combination of maritime and rail routes.
Statement 2 is correct. IMEC involves a combination of sea and rail transport to create an efficient trade route between India, the Gulf countries, and Europe. This multimodal transport system is intended to reduce transit time and costs while enhancing connectivity and trade.
Source: The Hindu
