Q. With reference to Eastern Economic Forum, consider the following statements.
1. It is a joint initiative of Russia and European Union.
2. It takes place each year in Vladivostok, a city in Russia.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: B
Notes:

Recently, the Prime Minister of India (PM) addressed the plenary session of the 6th Eastern Economic Forum (EEF) via video-conferencing. 

About the Eastern Economic Forum 

The Eastern Economic Forum was established by decree of the President of Russia in 2015. (Statement 1 is incorrect) Its aim is to support the economic development of Russia’s Far East and to expand international cooperation in the Asia-Pacific region. The summit takes place each year in Vladivostok, a city in Russia. (Statement 2 is correct) 

Read more: India’s Minister of Petroleum and Natural Gas to participate in the 6th Eastern Economic Summit in Vladivostok