Match LIST-I with LIST-II
|
LIST-I |
LIST-II |
||
|
A. |
Free Trade Area |
I. |
All tariffs are removed between members and a common external trade policy is adopted for non-members. |
|
B. |
Customs Union |
II. |
All tariffs are removed between members and the group adopts a common external commercial policy toward nonmembers. |
|
C. |
Common Market |
III. |
All members of the group remove tariffs on each other's products and at the same time retains its independence in establishing trading prices with non- members |
|
D. |
Economic Union |
IV. |
Most comprehensive advanced stage of integration |
Choose the correct answer from the options given below:
1
A - III, B - II, C - I, D - IV
2
A - I, B - II, C - III, D - IV
3
A - II, B - I, C - IV, D - III
4
A - IV, B - III, C - II, D - I