✅ The correct answer is option C.
The Security Council has five permanent members – China, France, Russia, the United Kingdom, and the United States – collectively known as the P-5.
✅ The correct answer is option C.
The Montreal Protocol on Substances that Deplete the Ozone Layer (the Montreal Protocol) is an international agreement made in 1987.
A. It is a step towards a South Asian customs union and common market.
B. The agreement came into effect in 2006.
C. The SAFTA is a trade liberalisation regime.
D. The SAFTA agreement takes precedence over any other agreement a member country may have with states outside SAFTA.
✅ The correct answer is option D.
“The SAFTA agreement takes precedence over any other agreement a member country may have with states outside SAFTA” is an incorrect statement.
✅ The correct answer is option C.
The World Trade Organization came into being in 1995. One of the youngest of the international organizations, the WTO is the successor to the General Agreement on Tariffs and Trade (GATT) established in the wake of the Second World War.