Which one of the following statements about the Trans - Pacific Partnership (TPP) is/are correct?
1. The TPP was signed by 12 Pacific Rim Nations in the year 2015.
2. The TPP is likely to be a game - changer in global trade as member countries account for about 40% of global GDP.
3. India is a founder member of TPP.
Select the correct answer using the code given below.

A. 1, 2 and 3

B. 1 and 2 only

C. 2 and 3 only

D. 1 only

Answer: Option B

Solution(By Examveda Team)

The Trans - Pacific Partnership (TPP), or Trans - Pacific Partnership Agreement, was a proposed trade agreement between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, and the United States signed on 4 February 2016.