The sixth meeting of the UAE-India High Level Joint Task Force on Investments (the Joint Task Force) was recently held in.....

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The sixth meeting of the UAE-India High Level Joint Task Force on Investments (’the Joint Task Force’) was recently held in____

A	Kerala
B	Dubai
C	New Delhi
D	Mumbai

Explanation:

Detailed explanation-1: -The Joint Task Force was established in 2013 to promote trade, investment and economic ties between the UAE and India.

Detailed explanation-2: -UAE’s exports to India stood at US$ 43.04 billion while India’s exports to UAE stood at US$ 25.4 billion. In 2022 India & UAE signed a Comprehensive Economic Partnership Agreement (CEPA) with an aim of taking bilateral trade to US$ 100 billion within 5 years.

Detailed explanation-3: -India and UAE have shared trade links through the centuries. The trade, which was dominated by traditional items such as dates, pearl and fishes, underwent a sharp change after the discovery of oil in UAE (oil exports begun from Abu Dhabi in 1962).

Detailed explanation-4: -The UAE is India’s third largest trading partner and second largest export destination after the US.

There is 1 question to complete.