Singapore- 1st Nation to Ratify ‘RCEP’

Current Context: Singapore announced that it has ratified the Regional Comprehensive Economic Partnership (RCEP) agreement.

• RCEP is the world's largest free trade agreement, which was led by China.
• By doing so, Singapore has become the first participating country to ratify RCEP.
• This RCEP ratification prooves Singapore's strong commitment to strengthening trade and economic linkages with partner nations and will ultimately benefit businesses and the people of the nations.
• For making RCEP in force, atleast 6 ASEAN and 3 Non-ASEAN member states are supposed to come into effect.
• If RCEP gets implemented it will become the world's largest free trade agreement and will cover one-third of the world’s population and 30% of the world’s economy.
• India has opted out of RCEP in 2019.
• Static Part: 
• Capital of Singapore: Singapore
• Currency of Singapore: Dollar

Question: 

Q.1 Which country has become the first country to ratify RCEP?
a. Singapore
b. New Zealand
c. South Korea
d. South Africa