35- Consider the following pairs-1- Free Trade Agreement - Tariff liberalisation on a limited number of lines2- Comprehensive Economic Partnership Agreement - An agreement which consists of an integrated package of agreement on- among others- Investments and Intellectual PropertyWhich of the above terminologies is-are correctly described-

You visited us 3 times! Enjoying our articles? Unlock Full Access!

Economic and Social Achievements

35. Consider ...

Question

35. Consider the following pairs:

Which of the above terminologies is/are correctly described?

A. 1 only

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B. 2 only

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

C. Both 1 and 2

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D. Neither 1 nor 2

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B B. 2 only

35. Answer: B

Explanation:

Preferential Trade Agreement – Tariff liberalisation on a limited number of lines;

Free Trade Agreement – Elimination of Tariffs on items covering substantial bilateral trade between the (FTA) partner countries;

Comprehensive Economic Partnership Agreement – CECA or CEPA or BTIA terms are used to describe Agreements which consist of an integrated package of Agreement on Goods, Services, Investment, Mutual Recognition, Intellectual Property, etc.

Suggest Corrections

Similar questions

Q. Consider the following statements about the draft Regional Comprehensive Economic Partnership (RCEP):Which of the above statement(s) is/are correct?

Only 1, 2 & 4
Only 1, 2 & 3
Only 2, 3 & 4
All of the above

Q. Consider the following agreements:
(A) ISLFTA. (India -Sri Lanka Free Trade Agreement).
(B) SAFTA (South Asia Free Trade Area).
(C) CECA (Comprehensive Economic Co-operation Agreement between India and Singapore).
(D) SAPTA (South Asia Preferential Trade Area)
Which one of the following is the correct chronological sequence of the above agreements?

Consider the following statements about these two Free Trade agreements: Comprehensive Economic Partnership Agreement and Comprehensive Economic Cooperation Agreement

Which of the above statements is/are correct?

2 and 3 only
3 only
All of these
1 and 2 only

Q. India’s participation in the mega-trade agreement, Regional Comprehensive Economic Partnership (RCEP), has long been debated. Discuss India's concerns for joining the agreement. Why India wants strict rules of origin to be included under this agreement?

Consider the following statements about APTA:

Which of the above statements is/are correct?

1 and 3 only
2 and 3 only
3 only
All of these

Join BYJU'S Learning Program

35. Consider the following pairs: Which of the above terminologies is/are correctly described?

35. Consider the following pairs:

Which of the above terminologies is/are correctly described?