Q. With reference to the Asia-Pacific Economic Cooperation (APEC), consider the following statements:
1.It aims to promote free trade and economic cooperation among its member economies.
2.India is one of the members of APEC.
3.It is headquartered in Bali, Indonesia.
How many of the statements given above are correct?
Answer: A
Notes:
Explanations –
Statement 1 is correct. APEC’s primary objective is to promote free trade, investment, and economic cooperation among its 21 member economies in the Asia-Pacific region.
Statements 2 and 3 are incorrect. India is not a member of APEC, though it has expressed interest in joining the forum. APEC does not have a formal headquarters. Instead, it operates through a rotating secretariat based in Singapore.
Source: The Hindu
