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India's Foreign Policy

34. 'MERCOSUR...

Question

34. ‘MERCOSUR’ is an economic and political bloc with which India has signed a Preferential Trade Agreement, and is looking to expand the scope of this agreement now. This bloc’s ‘full members’ does NOT include

A

A. Argentina

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B

B. Uruguay

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C

C. Paraguay

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D

D. Venezuela

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Solution

The correct option is D D. Venezuela
34. Answer: D

Explanation:

sub-regional block: Its full members are Argentina, Brazil, Paraguay, Uruguay and Venezuela (which was suspended on December 1, 2016).

Its associate countries are Bolivia, Chile, Peru, Colombia, Ecuador and Suriname.[5] Observer countries are New Zealand and Mexico.[6][7]

Its purpose is to promote free trade and the fluid movement of goods, people, and currency.

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