Which of the following regional integration is similar to customs union but include the free movement of factors of production as well as trade?

A. Preferential Trade Area

B. Custom Unions

C. Economic Union

D. Common Market

Answer: Option D

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Consider the following statements. Which of these statements is/are true?

A. Socialism is compatible with democracy and liberty, whereas Communism involves creating an 'equal society' through an authoritarian state

B. Totalitarianism is a form of government which involves complete submission of people to the government. The State recognizes no limits to its authority and strives to control every aspect of public and private life wherever feasible

C. India differed from core socialism as it went for a mixed economy rather than complete government control

D. All of the above statements are true