Q1. Consider the following statements with respect to the 11th Quad Foreign Ministers Meeting held on 26 May 2026 in New Delhi: 1. The Quad Critical Minerals Initiative Framework targets mobilising up to USD 50 billion. 2. The meeting announced that the next Quad Leaders Summit would replace the QFMM cycle. Which of the statements given above is/are correct?
Explanation
Neither statement is correct. Statement 1 is wrong because the Quad Critical Minerals Initiative Framework targets USD 20 billion (not USD 50 billion) mobilisation through loans, guarantees, subsidies and long-term purchase agreements. Statement 2 is wrong as no such decision was made; the QFMM remains a regular consultative mechanism alongside the Quad Leaders Summit, and India will also host the next Quad-at-Sea Ship Observer Mission.
