Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Current Affairs

Topic

Year 2024

Question:

In March 2024, India and the European Free Trade Association (EFTA) comprising______________ have signed a Trade and Economic Partnership Agreement (TEPA). This agreement marks India’s first Free Trade Agreement (FTA) with four developed nations in Europe, offering significant economic opportunities and promoting free trade and economic integration. 

Options:

Switzerland, Iceland, Denmark, and Finland

Switzerland, Iceland, Norway, and Liechtenstein

Denmark, Iceland, Norway, and Belgium

Denmark, Austria, Netherlands, and Belgium

Correct Answer:

Switzerland, Iceland, Norway, and Liechtenstein

Explanation:

India and the European Free Trade Association (EFTA) comprising Switzerland, Iceland, Norway, and Liechtenstein have signed a Trade and Economic Partnership Agreement (TEPA). This modern and ambitious agreement marks India’s first Free Trade Agreement (FTA) with four developed nations in Europe, offering significant economic opportunities and promoting free trade and economic integration.