Multiple Choice Questions on Apart from India which of the following countries are members of Supply Chain Resilience Initiative ........... for UPSC Civil Services Examination (General Studies) Preparation

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    Apart from India, which of the following countries are members of Supply Chain Resilience Initiative (SCRI), launched in the year 2021? 

    USA and Japan

    Incorrect Answer

    China and Russia 

    Incorrect Answer

    Japan and Australia

    Correct Answer

    Australia and USA

    Incorrect Answer
    Explanation:

    Option c is correct: The Trade Ministers of India, Japan and Australia formally launched the Supply Chain Resilience Initiative (SCRI) in a Trilateral Ministerial Meeting held virtually in April, 2021. The initiative has been launched for risk management and continuity plans in order to avoid supply chain disruptions and to strengthen resilient supply chains. Possible policy measures may include: supporting the enhanced utilization of digital technology and supporting trade and investment diversification. The other initiatives of SCRI also includes- (i) sharing of best practices on supply chain resilience; and (ii) holding investment promotion events and buyer-seller matching events to provide opportunities for stakeholders to explore the possibility of diversification of their supply chains.


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