List I (Freedom of Air) List II (Description) A. Third Freedom I. It allows to take cargo from one foreign country to another with one stop in the host country of Airliner B. Second Freedom II. It allows the carrier to fly over a foreign country without landing C. First Freedom III. It allows the carrier to stop without letting any of the cargo to come out D. Sixth Freedom IV. It allows the carrier to carry passengers or cargo from one's own country to another
Choose the correct answer from the options given below:
Understanding the Freedoms of the Air
The "Freedoms of the Air" are a set of commercial aviation rights that regulate international airline operations. These rights allow airlines to fly across national borders and land in foreign countries. They are crucial for international air travel and cargo transport. The question asks us to match specific freedoms (List I) with their corresponding descriptions (List II).
Matching Freedoms of Air: List I and List II
Let's analyze each freedom and its description to find the correct match.
| List I (Freedom of Air) | List II (Description) |
|---|---|
| A. Third Freedom | I. It allows to take cargo from one foreign country to another with one stop in the host country of Airliner |
| B. Second Freedom | II. It allows the carrier to fly over a foreign country without landing |
| C. First Freedom | III. It allows the carrier to stop without letting any of the cargo come out |
| D. Sixth Freedom | IV. It allows the carrier to carry passengers or cargo from one's own country to another |
Detailed Explanation of Matches
First Freedom Match (C-II)
C. First Freedom is correctly matched with II. It allows the carrier to fly over a foreign country without landing. This is the basic right to fly across another country's airspace without necessarily stopping there. It's often referred to as the right of non-traffic stop.
Second Freedom Match (B-III)
B. Second Freedom is correctly matched with III. It allows the carrier to stop without letting any of the cargo come out. This freedom grants the right to land in a foreign country for technical reasons, such as refueling or maintenance, without picking up or dropping off passengers or cargo. It's the right of technical stop.
Third Freedom Match (A-IV)
A. Third Freedom is correctly matched with IV. It allows the carrier to carry passengers or cargo from one's own country to another. This is the right for an airline of country X to fly from country X to country Y, carrying traffic originating in X.
Sixth Freedom Match (D-I)
D. Sixth Freedom is correctly matched with I. It allows to take cargo from one foreign country to another with one stop in the host country of Airliner. The Sixth Freedom is a combination of the Third and Fourth freedoms. It allows an airline to carry international traffic between two foreign countries via its home country. For example, flying from country Y to country Z via country X (the airline's home country).
Correct Matching Summary
Based on the analysis, the correct matching is:
- A. Third Freedom - IV. Allows carrying passengers/cargo from home country to a foreign country.
- B. Second Freedom - III. Allows landing for technical stops (e.g., refueling) without traffic rights.
- C. First Freedom - II. Allows flying over a foreign country without landing.
- D. Sixth Freedom - I. Allows carrying traffic between two foreign countries via the home country (combination of 3rd and 4th freedoms).
Therefore, the correct option is A-IV, B-III, C-II, D-I.
Important Questions from International Trade
Consider the following statements about the international financial sources :
I. A Global Depository Receipt (GDR) is a bank certificate issued in more than one country for shares in a foreign country.
II. A GDR is very similar to American Depository Receipt (ADR).
Select the correct option.
Which of the following documents is not required for obtaining export license?
_________ was set up with prime objective of professionalizing the country’s foreign trade management by providing training, research and data dissemination.
Which one of the following does not fall within the ambit of WTO operations ?
The following statements relate to Restrictive Trade Practices (RTP). Choose the correct code for the statements being correct or incorrect.
Statement I: Often the low price is the result of the predatory pricing strategy; prompting selling at prices below cost.
Statement II: This is done with an aim to drive out existing competitors because predatory pricing is a restrictive trade practice.
