Q. With reference to Air Services Agreement (ASA) consider the following statements:
1.It is a bilateral agreement to allow international commercial air transport services between signatories.
2.The agreement is based on the principles of sovereignty of nations, nationality of carriers and reciprocity in terms of commercial opportunities for the designated airlines of each side.  
Select the correct statement suing the code given below:

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C
Notes:

Explanation –

Statement 1 and 2 are correct. ASA is a bilateral agreement to allow international commercial air transport services between signatories. The agreement is based on the principles of sovereignty of nations, nationality of carriers and reciprocity in terms of commercial opportunities for the designated airlines of each side.

Source: FORUMIAS