Q.
1

List I  Statements

List II  Terms

I. Countries which follow a unified informal tariff but different external tariff. i. Customs Union
II. Countries which follow a unified internal and external tariff system. ii. Common market
III. Countries which follow a unified internal and external tariff and allows free movement of factors of production.  iii. Free trade area

 

IV. Countries which follow a unified internal and external tariff and allows free movement of factors of production plus having common economic and monitoring policy and common currency. iv. Economic union
  • A

    I        II       III      IV

     iii       i         iv       ii

  • B

    iii       ii        iv      i

  • C

      iii       ii        I        iv

  • D

      iii       I        ii       iv