Question : Which of the following trade agreements aims to 'strengthen intra-SAARC economic cooperation to maximise the region's potential for trade and achieving development for their people'?
Option 1: APTA
Option 2: SAFTA
Option 3: NAFTA
Option 4: LAIA
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Correct Answer: SAFTA
Solution : The correct answer is SAFTA.
SAFTA, which stands for the South Asian Free Trade Area, is an arrangement created in 2004 to boost economic growth through trade and commerce among the SAARC countries. Its headquarters is located in Kathmandu, Nepal, and its member countries include Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Sri Lanka, and Pakistan. Its primary aim is to enhance intra-regional trade and cooperation, which can contribute to regional development.
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Question : The term 'Green GNP ' emphasises
Option 1: rapid growth of GNP
Option 2: increase in per capita income
Option 3: economic development
Option 4: sustainable development
Question : Formalised system of trading agreements with groups of countries is known as
Option 1: Trading blocks
Option 2: Trade ventures
Option 3: Trade partners
Option 4: Trade organisations
Question : The spring balance works on the principle of _______.
Option 1: Boyle's Law
Option 2: Hooke's Law
Option 3: Bernoulli's principle
Option 4: Pascal's Law
Question : In India, special economic zones were established to enhance:
Option 1: Free trade
Option 2: Foreign Investment
Option 3: Employment
Option 4: Technology Development
Question : Directions: Looking at the family picture, Sneha said, "She is my brother's wife's son's father's mother-in-law's only daughter.' How is the girl in the photo related to Sneha?
Option 1: Daughter-in-law
Option 2: Brother's wife
Option 3: Mother
Option 4: Sister
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