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प्रश्न
Explain the co-relationship between the following:
Economic interest and formation of Trade blocs.
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उत्तर
- When a number of countries reach unique economic accords, a trade bloc is created.
- These accords are designed to safeguard and advance the interests of the bloc's members.
- These agreements typically concentrate on lowering or eliminating trade restrictions, such as tariffs and quotas.
- In 2006, the SAARC nations signed a free trade pact.
संबंधित प्रश्न
Observe the map in the textbook and answer the following question.

- Name any four countries in the Schengen area.
- Name any two non-European Union countries within the Schengen area.
State whether the following statement is true or false with reason.
SAARC is important for trade in South Asia.
State whether the following statement is true or false with reason.
‘Maastricht’ Treaty was signed for the defence of Europe.
BIMSTEC was established in ______.
Complete the following concept map.

Write the following statement is True or False with reason.
The main objective of the G-20 was financial stability.
State whether the following statement is true or false with reason.
Many new nation-states emerged in Europe in 1990's.
Elaborate in brief the regional organisations
- SAARC
- BIMSTEC
- BRICS
- Shanghai Cooperation Organisation
- G-20
Today _______ countries of the European Union are part of the Schengen Area.
Find the odd word in the given set and rewrite:
Members of SAARC -
