Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) HR Officer Union Management Trade Unions

In the context of regional economic integration, which of the following equations is not correct?

1
Customs Union = Free trade area + Common external tariff
2
Economic Integration = Common market + Fixed exchange rate + Macro economic co-ordination
3
Common Market = Customs Union + NTBs + Factor mobility
4
Free Trade Area = Customs Union - Common external tariff
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