Q. Arrange the following economic partnerships based on the increasing level of free trade and liberalisation.

Select the correct answer using the code given below.

II-III-I-IV

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I-III-IV-II

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II-IV-III-I

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III-I-II-IV

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Solution

The correct option is B I-III-IV-II
Explanation:

Based on the level of openness in trade between the countries, free trade policies can be categorised as:

Preferential trade agreement

Free trade agreement

Comprehensive Economic Partnership Agreement

Comprehensive Economic Cooperation Agreement

Customs Union

Common Market

Economic Union

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Q. Arrange the following economic partnerships based on the increasing level of free trade and liberalisation. Select the correct answer using the code given below.

Q. Arrange the following economic partnerships based on the increasing level of free trade and liberalisation.

Select the correct answer using the code given below.