Regional trade Agreement Quiz

The correct answer is South Asian Association for Regional Corporation. SAARC is an organization established in 1985 to promote regional cooperation among South Asian countries. It aims to enhance economic and social progress in the region through collective efforts and collaboration.

Iran is not a member of SAARC. SAARC, which stands for South Asian Association for Regional Cooperation, is an organization comprising eight member countries from South Asia. These member countries include Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. Iran, although geographically close to South Asia, is not a member of SAARC.

The South Asian University that was jointly established by the eight SAARC member states is located in New Delhi. SAARC stands for South Asian Association for Regional Cooperation, and the university was established to promote regional integration and cooperation among the member states. New Delhi, the capital city of India, was chosen as the location for the university due to its central location and accessibility for students from all member countries.

India follows a regime of quantitative restrictions on imports to protect its domestic industries. This means that the government imposes limits on the quantity of certain goods that can be imported into the country. By doing so, India aims to reduce competition from foreign products and support its own industries by creating a market for domestically produced goods. This measure helps to safeguard local businesses, promote economic growth, and create employment opportunities within the country.

Canada is not an observer country of the SAARC. The SAARC (South Asian Association for Regional Cooperation) is a regional intergovernmental organization comprising eight member countries in South Asia. Observer countries are non-member states that have expressed their interest in the activities of SAARC. Iran, USA, and China are observer countries of SAARC, but Canada is not.

The correct answer is "Year of Cultural Heritage." This means that the SAARC nations have designated the year 2016-2017 as a time to focus on and celebrate their cultural heritage. This could involve promoting and preserving traditional art, music, dance, cuisine, and other aspects of their unique cultural identities. It may also involve organizing events, exhibitions, and workshops to raise awareness about the importance of cultural heritage and its role in fostering regional cooperation and understanding.

The 17th SAARC conference in 2011 was held in Addu City.

In order for a tax holiday to be applicable to a Free Trade Zone, the sale proceeds must not be brought in convertible Foreign Exchange within 6 months from the end of the assessment year. This means that if the business brings in the sale proceeds in a foreign currency that can be easily exchanged, within the specified time frame, they will not be eligible for the tax holiday.

Thailand is not a member of SAARC. SAARC stands for South Asian Association for Regional Cooperation, and it consists of 8 member countries from South Asia. Thailand is not located in South Asia; it is located in Southeast Asia. Therefore, it is not eligible to be a member of SAARC.

Brazil does not have a Free Trade Agreement (FTA) with India. The question asks for the country that does not have an FTA with India, and Brazil is the only option among the given countries that does not have an FTA with India.