Question

The aim of ABIF is to establish 2 points
O Banking integration in ASEAN
O
Food security in ASEAN
O Free labour market in ASEAN
O
Customs union in ASEAN​

Answer 1

Explanation:

The main objective of ABIF is to prepare market access and operational flexibility in ASEAN countries to create Qualified ASEAN Banks (QAB), ie ASEAN banks that meet certain requirements agreed by ASEAN

Answer 2

Option A is the correct answer.

As the full form of ABIF (ASEAN Banking Integration Framework) suggests it's aim is to establish Banking Integration in ASEAN.

1. It is a bilateral agreement signed in Malaysia in the year 2016.
2. All the member nations of ASEAN have agreed to work together on the goals of ABIF which are :

• To eliminate entry barriers against foreign institutions.
• To minimize discrimination against foreign institutions.