Consider the following statements on Bay of Bengal Initiative for Multi- sectoral Technical and Economic Cooperation (BIMSTEC): 1. BIMSTEC has seven members - Bangladesh, Bhutan, India, Myan- mar, Nepal, Sri Lanka and Thailand. 2. BIMSTEC provides a link

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Q: 67 (CDS-II/2014)
Consider the following statements on Bay of Bengal Initiative for Multi- sectoral Technical and Economic Cooperation (BIMSTEC):
1. BIMSTEC has seven members - Bangladesh, Bhutan, India, Myan- mar, Nepal, Sri Lanka and Thailand.
2. BIMSTEC provides a link between South Asia and South East Asia by way of economic cooperation and linkages in identified areas of cooperation.
3. BIMSTEC was rechristened as BISTEC in the year 201
4.
Select the correct answer using the code given below:

question_subject: 

General Knowledge

question_exam: 

CDS-II

stats: 

0,31,30,1,6,31,23

keywords: 

{'bengal initiative': [0, 0, 1, 2], 'bimstec': [0, 0, 0, 1], 'economic cooperation': [0, 0, 6, 8], 'south asia': [0, 1, 1, 4], 'south east asia': [0, 1, 1, 1], 'sectoral technical': [0, 0, 0, 1], 'bangladesh': [4, 0, 4, 2], 'bistec': [0, 0, 0, 1], 'india': [8, 1, 7, 13], 'cooperation': [1, 1, 3, 4], 'bay': [5, 2, 1, 11], 'thailand': [0, 0, 2, 2], 'linkages': [0, 0, 0, 1], 'sri lanka': [1, 1, 0, 2]}

The correct answer for this question is option 3, which states that statement 1 and 2 are correct.

Statement 1 is correct as BIMSTEC does indeed have seven members: Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand. It is a regional organization that aims to promote economic and technical cooperation among these countries.

Statement 2 is also correct as BIMSTEC serves as a link between South Asia and South East Asia through the promotion of economic cooperation and linkages in various identified areas of cooperation. It focuses on sectors such as trade, investment, tourism, agriculture, energy, and more.

However, statement 3 is incorrect. BIMSTEC has not been rechristened as BISTEC in the year 2014 or at any other time. BIMSTEC stands for Bay of Bengal Initiative for Multi-sectoral Technical and Economic Cooperation and continues to be known by this name.

In conclusion, the correct answer is option 3, as statement 1 and 2 are true while statement 3 is false.