Read the passage given below carefully and answer the questions that follow :
The South Asian Association for Regional Co-operation (SAARC) is a major regional initiative by the South Asian states to evolve co-operation through multilateral means. It began in 1985. Unfortunately due to persisting political differences, SAARC has not had much success. SAARC members signed the South Asian Free Trade Agreement (SAFTA) in 2002 which promised the formation of a free trade zone for the whole of South Asia.
Question: 1
Which one of the following South Asian countries is not a founder member of South Asian Association for Regional Co-operation (SAARC) ?
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SAARC was established in 1985 with 7 founding members. Afghanistan joined as the 8th official member much later in April 2007.
The external power that affects the South Asian Countries the most is :
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The US and China are the key external powers influencing South Asian geopolitics, with the United States maintaining direct economic, strategic, and diplomatic engagement across South Asia.
The major objective of South Asian Association for Regional Co-operation is –
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Article 1 of the SAARC Charter mandates promoting the welfare of the peoples of South Asia, accelerating economic growth, social progress, and cultural development in the region.
to become a contemporary centre of power in the World.
to establish a common currency for the regional organisation for its economic development.
to solve all regional conflicts without interference of external powers.
to co-operate member states for economic growth, social progress and cultural development through multilateral means.
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The Correct Option isD
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Question: 4
Which one of the following is NOT a core objective of South Asian Free Trade Agreement (SAFTA) ?
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SAFTA pledged to lower tariffs and eliminate trade barriers across South Asia, but it does not deal with monetary union or adopting a common regional currency.