Under the SAFTA, member countries will reduce customs duties of all traded goods to zero by the year:

Related Mcqs:

1. The Agreement on South Asian Free Trade Area (SAFTA) was reached on January 6, 2004 at the 12th SAARC summit in:

   A. Kathmandu
   B. Delhi
   C. Colombo
   D. Islamabad

2. __________ involves tangible goods such cannot be traded and moved freely like paper investments.

   A. Portfolio investment
   B. Fiduciary investment
   C. Foreign direct investment
   D. Currency investment

3. “The South Asian Free Trade Area” or SAFTA pact was signed on 6 January 2004 and came into force in:

   A. 1 January 2007
   B. 1 January 2008
   C. 1 January 2006
   D. 1 January 2009

4. SAFTA is the abbreviation of:

   A. South Asian Free Trade Area
   B. South Asian Free Trade Authority
   C. South Asian Free Transport Area
   D. South Asian Free Trade agreement

5. What is SAFTA?

   A. Agreement
   B. Organization
   C. Research Centre
   D. Institution

6. Recently the European Union struggled with the of what to do about one of its member countries which was on the verge of financial collapse. The country is:

   A. Greece
   B. Bulgaria
   C. United Kingdom
   D. Sweden

7. Member countries of North American Free Trade agreement (NAFTA) are:

   A. US, Chile, Mexico
   B. US, Canada, Argentine
   C. US, Canada, Mexico
   D. US, Canada, Chile

8. Member countries of North American Free Trade agreement (NAFTA) are:

   A. US, Chile, Mexico
   B. US, Canada, Argentine
   C. US, Canada, Mexico
   D. US, Canada, Chile

9. The international organization of 30 industrialized countries that provides a forum for discussion and coordination on economic and social polices for member states is:

   A. Organization for Economic Cooperation and Development (OECD)
   B. European Union
   C. G-30
   D. Development-30

10. SAARC consists of 8 member countries, Bangladesh, India, Sri Lanka, Pakistan, Nepal, Bhutan, Maldives and:

    A. China
    B. Afghanistan
    C. Myanmar
    D. Iran