Which of the statements is/are correct?

MCQ. Which of the statements is/are correct?

  1. The agreement on South Asian Free Trade Area (SAFTA) came into effect from 1st December, 2005.
  2. As per SAFTA agreement terms, India, Pakistan and Sri Lanka have to decrease their custom duties to the level of 0 to 5 percent by the year 2013.

(a) Only 1

(b) Only 2

(c) Both 1 and 2

(d) Neither 1 nor 2

Answer: (d) Neither 1 nor 2

 

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