Question

Consider the following statements:

A. The European Free Trade Association (EFTA) is the intergovernmental organization of Iceland, Liechtenstein, Norway, and Switzerland.
B. India and EFTA have signed a Trade and Economic Partnership Agreement (TEPA).

Which of the above statement/statements is/are correct?

Answer Options:

1. A only
2. B only
3. Both A and B
4. Neither A nor B

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Answer:
1. A only

Explanation:

• Statement A is correct. The European Free Trade Association (EFTA) is indeed an intergovernmental organization comprising Iceland, Liechtenstein, Norway, and Switzerland. It was established to promote free trade and economic integration.
• Statement B is incorrect. India and EFTA have been in negotiations for a Trade and Economic Partnership Agreement (TEPA), but no agreement has been signed yet as of now.

Source:

• European Free Trade Association Official Website
• Ministry of Commerce and Industry, India

Comments

Answer is wrong

Answer 1

3. Both A and B

TEPA was signed on 10 March 2024