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UPSC CSE Prelims Regional Trade Blocs & Multilateral Trade Agreements Flashcards

Master 8 regional trade blocs & multilateral trade agreements concepts for the UPSC CSE Prelims.

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Question

Complete the statement regarding the Association of Southeast Asian Nations (ASEAN) and its relationship with India:

ASEAN consists of Southeast Asian member states. India is not a member but holds the status of a , and their free trade area is formalized through .

Question

Consider the following statements regarding the European Union (EU):

  1. The EU operates as both a customs union and a single market.
  2. The Common Agricultural Policy (CAP) applies to all EU member states.
  3. All EU member states are part of the eurozone.

Which of the statements given above is/are correct?

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Bretton Woods: IMF & World Bank10Other International Economic Organizations7UN Agencies with Economic Mandates5SAARC, BIMSTEC, WCO & FATF9

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