Match the following List I List II A Free Trade Area 1 No restrictions on trade and factor movement ...........

Economic Affairs Foreign Trade - Trends and Policy

Match the following:

List I	List II
A. Free Trade Area	1. No restrictions on trade and factor movement
B. Customs Union	2. Trade is free and no custom duties
C. Common Market	3. No customs duties; duties on non members
D. Economic Union	4. Advanced stage of integration

Codes:

A B C D

2 1 3 4

3 2 1 4

2 3 1 4

1 3 4 2

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Explanation:

Free Trade Area- Trade is free and no custom duties
Customs Union- No customs duties; duties on non members
Common Market- No restrictions on trade and factor movement
Economic Union- Advanced stage of integration

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https://abhimanuias.com/blogs/Important-Issues-DetailedArticle/7884/Stages-of-Economic-Integration-and-trends-in-globalization--External-Sector-Economic-Affairs-General-Studies--Paper-III-By-abhimanu