Which of the following statements with regard to the outcomes of the talks between the Prime Minister of India and the President of UAE held in February, 2024 is/are correct?

1. Both countries signed an agreement on inter-linking of domestic debit/credit cards

2. An MoU was signed on cooperation in digital infrastructure projects

3. Both countries agreed that a Bilateral Investment Treaty shall be signed in the next meeting at the ministerial level

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This question was previously asked in

UPSC CAPF AC 2024 Official Paper-I (Held on 4 August 2024)

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Answer 1

The Correct answer is Option 1.

Key Points

Agreement on Inter-linking of Domestic Debit/Credit Cards: An agreement was signed to interlink India’s RuPay and UAE’s JAYWAN cards, facilitating the integration of their domestic payment systems and enhancing financial cooperation between the two countries. Hence Statement 1 is correct.
MoU on Cooperation in Digital Infrastructure Projects: A Memorandum of Understanding was signed to promote collaboration on digital infrastructure projects, aimed at improving technological ties and investment cooperation. Hence Statement 2 is correct.
Bilateral Investment Treaty: A Bilateral Investment Treaty was signed, which is expected to promote and protect investments between the two countries. Hence Statement 3 is Incorrect.
Hence Option 1 is correct.