Comprehension

Read the passage given below to answer :
In spite of the many conflicts, the states of South Asia recognize the importance of cooperation and friendly relationship among themselves. The South Asian association for regional Cooperation (SAARC) is a major regional initiative by the South Asian states to evolve cooperation through multilateral means. It began in 1985. Unfortunately, due to persisting political differences, SAARC has not had much success. SAARC members signed the South Asian Free Trade (SAFTA) agreement which promised the formation of a free trade zone for the whole of South Asia.
The SAFTA agreement was signed in 2004 and came into effect on 1 January 2006. India thinks that there are real economic benefits for all SAFTA. Some in India think that SAFTA is not the worth the trouble since India already has bilateral agreements with Bhutan, Nepal and Sri Lanka.

Question: 1

What statement is correct about SAARC ?

Updated On: Sep 18, 2024
  • SAARC began in 1986
  • SAARC is an association of East Asian Nations
  • SAARC members signed South Asian Free Trade (SAFTA) Agreement
  • SAARC is a highly successful regional organisation
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The Correct Option is C

Solution and Explanation

The correct option is (C):SAARC members signed South Asian Free Trade (SAFTA) Agreement.
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Question: 2

State the years correctly when the agreement SAFTA was signed and came into effect :-

Updated On: Sep 18, 2024
  • 2006 and 2007
  • 2004 and 2005
  • 2004 and 2006
  • 2008 and 2009
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The Correct Option is C

Solution and Explanation

The correct option is (C):2004 and 2006.
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Question: 3

Complete the following :
SAARC has been evolved for cooperation through which of the following means

Updated On: Sep 18, 2024
  • Multilateral
  • Bilateral
  • Unilateral
  • Tripartite
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The Correct Option is A

Solution and Explanation

The correct option is (A):Multilateral.
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Question: 4

The full form of SAARC is

Updated On: Sep 18, 2024
  • South Asian Amalgamation for Regional Cooperation
  • South Asian Association for Regional Cooperation
  • South Asian Association for Regional Cooperation
  • South Asian Association for Research and Cooperation
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The Correct Option is B

Solution and Explanation

The correct option is (B):South Asian Association for Regional Cooperation.
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Question: 5

The following agreement promised the formation of a free trade zone for the whole of South Asia

Updated On: Sep 18, 2024
  • WTO
  • BAFTA
  • SAARC
  • SAFTA
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The Correct Option is D

Solution and Explanation

The correct option is (D):SAFTA.
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