A. Bangladesh
B. Pakistan
C. Bhutan
D. India
E. Sri Lanka
Choose the correct answer from the options given below:
SAFTA NLDCS States Identification
The South Asian Free Trade Agreement (SAFTA) divides member countries into two main categories: Non-Least Developed Contracting States (NLDCS) and Least Developed Contracting States (LDCS).
Classifying SAFTA Member States
Based on SAFTA classifications, the status of the listed countries is:
- Bangladesh (A): LDCS
- Pakistan (B): NLDCS
- Bhutan (C): LDCS
- India (D): NLDCS
- Sri Lanka (E): NLDCS
Identifying the NLDCS Group
The countries classified as Non-Least Developed Contracting States (NLDCS) from the provided list are Pakistan (B), India (D), and Sri Lanka (E).
Therefore, the correct option grouping these NLDCS states is E, D, and B.
Important Questions from Regional Economic Integration
- Common market achieves uniformity in monetary policy and fiscal policy among the member countries in __________.
- Identify the correct statement.
- Match List-I with List-II relating to benefits and cost of economic integration and identify the code representing correct matching.Codes :
List – I List – II a. Trade creation i. Movement of production and resources in opposite directions. b. Trade diversion ii. Become active when a member country does not augment export but simply shifts its imports from low cost source to high cost source. c. Trade deflection iii. Shifting the locus of production from high cost to low cost centre within the union. d. Polarisation forces iv. Goods produced in a third country entering a free trade area through a member country having lower tariff. - What is the situation referred to as, amongst the following, when intra-region trade is duty free but there is variation in tariff structure for import from a third country ?
Match the items of List - I with List - II and choose the correct code of combination :
List - I List - II (a) It abolishes all restrictions on trade among the members (i) Common Market (b) It not only eliminates all restrictions on trade among members but also adopts a uniform commercial policy against the non-members (ii) Economic Union (c) It allows free movement of labour and capital within the common market (iii) Free Trade Area (d) It achieves some degree of harmonization of national economic policies, through a common central bank, unified monetary and fiscal policy, etc. (iv) Customs Union
