A
A CEPA is restricted exclusively to tariff reductions on agricultural commodities.
B
A CEPA is broader than a standard FTA, encompassing services, investment, and regulatory cooperation.
C
A CEPA requires a single shared currency between the participating sovereign nations.
D
A CEPA can only be signed between members of the United Nations Security Council.
Correct answer: (b) A CEPA is broader than a standard FTA, encompassing services, investment, and regulatory cooperation.
Explanation
Statement B correctly identifies that a CEPA is a comprehensive deal that goes beyond merchandise trade to include services, investment, and regulatory cooperation. The other options are factually absurd or incorrect.
Same topic · past papers
UPSC has asked this before
These previous-year questions sit on the same topic. Open one to practise the earlier ask.
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