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Commerce · Q198

Business Environment and International Business

Graduate and Post Graduate · Commerce · question 198

Q198

Match the following. List-I (Levels of Integration) List-II (Features) a. Customs union 1. It allows for the free mobility of capital and labour across countries b. Common market 2. Its example is NAFTA c. Free trade area 3. It occurs when a group of countries agree to eliminate a set of common external tariffs on imports

Match the following.
List-I (Levels of Integration) List-II (Features)
a. Customs union 1. It allows for the free mobility of capital and labour across countries
b. Common market 2. Its example is NAFTA
c. Free trade area 3. It occurs when a group of countries agree to eliminate a set of common external tariffs on imports
A.
a-3, b-2, c-1
B.
a-3, b-1, c-2
Answer
C.
a-2, b-3, c-1
D.
a-1, b-2, c-3

Answer: Option B

Solution

Answer: Option B
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