Which of the following statements is correct?

a- India signed trade agreements with three ASEAN members, Malaysia, Singapore and Thailand.
b- The ASEAN-India FTA came into effect in 2015.

Only statement a is correct.

The correct answer is Option 1 - Only statement a is correct.

Given statements:

a- India signed trade agreements with three ASEAN members, Malaysia, Singapore and Thailand.(correct)
b- The ASEAN-India FTA came into effect in 2015. (Incorrect)

Correction:

India signed trade agreements with three ASEAN members, Malaysia, Singapore and Thailand.  The ASEAN-India FTA came into effect in 2010.

The current economic strength of ASEAN, especially its economic relevance as a trading and investment partner to the growing Asian economies such as India and China, makes this an attractive proposition. During the Cold War years Indian foreign policy did not pay adequate attention to ASEAN. But in recent years, India has tried to make amends. It signed trade agreements with three ASEAN members, Malaysia, Singapore and Thailand. The ASEAN-India FTA came into effect in 2010. ASEAN’s strength, however, lies in its policies of interaction and consultation with member states, with dialogue partners, and with other non-regional organisations. It is the only regional association in Asia that provides a political forum where Asian countries and the major powers can discuss political and security concerns.