Identify major regional trade blocks. (A) Association of South-East Asian Nations (ASEAN) Choose the correct answer from the options given below : |
(A), (B), (D) only (A), (C), (D) only (A), (B), (C) only (B), (C), (D) only |
(A), (B), (C) only |
The correct answer is Option (3) → (A), (B), (C) only 1. Association of South-East Asian Nations (ASEAN) (A): ASEAN is a regional intergovernmental organization that comprises ten Southeast Asian countries. These member states include Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. 2. European Union (EU) (B): The European Union is a political and economic union of 27 European countries. The EU has its own single market, a common currency (the Euro, used by 19 of its members), and a customs union. 3. South Asian Free Trade Agreement (SAFTA) (C): SAFTA is a regional trade agreement among the South Asian Association for Regional Cooperation (SAARC) member states. The SAARC member countries include Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. 4. The United Nations Organisation (UNO) (D) is not a regional trade block; it is an international organization that focuses on global issues such as peace and security, development, human rights, and international cooperation. |