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Which of the following statement(s) is(are) correct with reference to free trade agreement (FTA)? 1. FTAs are arrangements between two or more countries or trading blocs that primarily agree to reduce or eliminate customs tariff and no tariff barriers on substantial trade between them. 2. Each member sets its own tariffs on imports from non-member.
This question appeared in the GPSC Prelims 2018 examination (GS-II). It is Question 27 out of 397 questions in this paper.
This question was part of the GPSC Prelims 2018 (GS-II). The GPSC Prelims examination tests candidates on general studies, current affairs, and aptitude through multiple-choice questions.
Practice previous year questions from all GPSC Prelims papers and compare patterns with UPSC Prelims PYQ to identify overlapping topics.