Top 50+ Solved Regional Economic Grouping MCQ Questions Answer
From 1 to 9 of 9
Q. NAFTA is a good example of:
a. trade erosion.
b. divestment.
c. retrenchment.
d. trade diversion.
Q. Apart from India, Pakistan and Bangladesh who are the other member countries of SAARC?
a. nepal, bhutan, thailand and singapore
b. nepal, bhutan, malaysia and maldives
c. nepal, bhutan, maldives, sri lanka and afghanistan
d. none of the above
Q. Which of the following is not the main purpose for formation of SAARC
a. to combat terrorism
b. to promote the welfare of the people of south asia
c. to form mutual defense against foreign aggression
d. none of the above
Q. SAPTA is a trade agreement by _________________
a. asean nations
b. apec nations
c. saarc nations
d. eu nations
Q. What is the full form of ASEAN?
a. association of south east asian nations
b. administration of south east asian nations
c. administration of southern eastern asian nations
d. organisation of south east asian nations
Q. The European Union is a free trade association that is based on a(n)
a. economic and monetary union.
b. economic union.
c. monetary union.
d. a commonly agreed upon list of lowered tariffs.
Q. Which one of the following has a single currency managed by a common central bank?
a. asean
b. european union
c. world trade organization
d. the organization for economic cooperation and development
Q. Which one of the following is renowned for its high-quality databases on economic and social data?
a. wto
b. eu
c. oecd
d. world bank
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