With reference to Indo-Pacific Economic Framework (IPEF) consider the following statements:1.It aims to enhance economic cooperation and establish a rule-based order in the Indo-Pacific.2.It is a type of Free Trade Agreement (FTA).3.All QUAD members are the members of IPEF.Which of the statements given above is/are correct?

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Q. With reference to Indo-Pacific Economic Framework (IPEF) consider the following statements:
1.It aims to enhance economic cooperation and establish a rule-based order in the Indo-Pacific.
2.It is a type of Free Trade Agreement (FTA).
3.All QUAD members are the members of IPEF.
Which of the statements given above is/are correct?

[A] 1 only

[B] 1 and 2 only

[C] 2 only

[D] 1 and 3 only

Answer: D

Notes:

Explanation –

Statement 1 and 3 are correct. IPEF aims to enhance economic cooperation and establish a rule-based order in the Indo-Pacific. All QUAD members are the member of IPEF.

Statement 2 is incorrect. It is not an FTA.

Source: ForumIAS

Post-Mains Strategy Session by Mr. Ayush Sinha | ForumIAS