Question

Read the following passage carefully and answer the given questions. Certain words/phrases are given in bold to help you locate them while answering some of the questions.
What has given rise to the large number of trade agreements between Asian countries?

• A. The need to insulate Asian economies from overexposure to the American economy.
• B. Angry reaction among Asian countries owing to America's protectionist policy.
• C. The aim of empowering the poorer Asian economies and bringing them on par with Western economies.
• D. The desire to achieve conditions conducive to global consensus on trade reguations and tariff.
• E. Widespread panic in Europe and Asia as Asian economies are yet to recover from the recession.

Answer 1

The correct option is E Widespread panic in Europe and Asia as Asian economies are yet to recover from the recession.

Widespread panic in Europe and Asia as Asian economies are yet to recover from the recession has given rise to the large number of trade agreements between Asian countries.