Question

India has signed Comprehensive Economic Partnership Agreement (CEPA) with ________.
1. The USA
2. Singapore
3. Japan
 Select the correct answer using the codes given below.
A. 1 and 2 only
B. 3 only
C. 2 and 3 only
D. 1,2 and 3

Answer 1

Hint: It is an international alliance between India and different nations. It was signed on 29 June 2005. India has signed the Comprehensive Economic Partnership Agreement (CEPA) with two several countries.

Complete answer:
A Comprehensive Economic organization understanding (CEPA) is an international alliance between the two nations. The India–Singapore Comprehensive Economic Cooperation Agreement, otherwise called the Comprehensive Economic Cooperation Agreement or CECA, is an international alliance between Singapore and India to reinforce reciprocal exchange. It was endorsed on 29 June 2005. In 2005, the two countries marked the Comprehensive Economic Cooperation Agreement (CECA) and have coordinated the India-Singapore Parliamentary Forum and the Singapore-India Partnership establishment with dynamic help from the Federation of Indian Chambers of Commerce and Industry (FICC), the Confederation of Indian Industry (CII) and the Singapore Business Federation to advance exchange, financial turn of events and organizations.
The Comprehensive Economic Partnership Agreement (CEPA) between India and Japan was endorsed on sixteenth February 2011 and came into power from the first August of the exact year. Aside from quickening business exercises, the arrangement planned to kill taxes on $90\% $ of Japanese fares to India, for example, vehicle parts and electric apparatuses, and $97\% $ of imports from India, including rural and fisheries items, until 2021. Since the presentation of CEPA, India–Japan stock exchange has expanded by $38\% $, with all-out respective exchanges expected to arrive at US$24 billion by March 2013. Keeping in view the understanding, Mukhopadhyay and Bhattacharyay (2011) assessed the economy-wide effect of the exchange reconciliation among Japan and India utilizing the Global Trade Analysis Project (GTAP) investigation. It was discovered that the yield will increment imperceptibly for the two India and Japan in 2020 after levy decrease contrasted with Business As Usual (BAU).

Thus, option (C) is correct.

Note: The agreement between India-Japan had two significant concerns, specifically: the foundation in India, and non-duty obstructions in Japan. On the foundation front, the two nations consented to team up on the enormous, US $90-billion Delhi–Mumbai Industrial Corridor (DMIC) venture in 2006.