Tag: trading and economic organisations

Questions Related to trading and economic organisations

The type of government that emerged in South Africa after the end of the apartheid government is ________________.

  1. Dictatorial government

  2. Multi-racial government

  3. Non-democratic

  4. Totalitarian.


Correct Option: B

Which of the following commodities is imported from Sri Lanka?

  1. Tea

  2. Rubber

  3. Iron ore

  4. Jute manufactures


Correct Option: B

European Union was established in __________.

  1. 1985

  2. 1993

  3. 1999

  4. 2006


Correct Option: B
Explanation:

European union was established in the year 1993.

Identify the organs of European Union.

  1. European Central Bank

  2. European Commission

  3. European Council

  4. All of above


Correct Option: D
Explanation:

European Union is the organization of European countries which have organs like European Commission, Council and Central Bank.

What form of co-operation resulted from the Schuman Plan?

  1. A common customs union

  2. A common European defense strategy

  3. The European Coal and Steel Community

  4. The Council of Europe


Correct Option: C
Explanation:

The Schuman Plan led to the creation of the European Coal and Steel Community (ECSC), which pooled the coal and steel resources of France, Germany, Italy, Belgium, the Netherlands, and Luxembourg.

What was the former name of the currency of Europe, now known as the Euro?

  1. E-Mark

  2. ECU

  3. Doller

  4. Sterling


Correct Option: B

Parliament of European Union was elected by ________.

  1. European Council

  2. European Union Citizens

  3. European Economic Community

  4. Court of Justice of European Union


Correct Option: B
Explanation:

European Union Citizens elected the Parliament of European Union by the power of vote it mainly includes citizens of European Countries.

How many stars are there on the European Flag?

  1. 9

  2. 15

  3. 12

  4. 20


Correct Option: C
Explanation:

The number twelve is traditionally the symbol of perfection, completeness and unity (12 hours in day, 12 months in a year, etc). The 12 stars do not represent the 12 countries who were the original member states.

How many countries were members of the Eurozone when Euro coins and banknotes were first circulated on 1st January 2002?

  1. 12

  2. 15

  3. 18

  4. 20


Correct Option: A
Explanation:

Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Portugal, Spain and The Netherlands. Denmark, the UK and Sweden did not adopt the Euro as their currency.

Identify the founding member committee of European Union.

  1. Belgium

  2. France

  3. Netherland

  4. All of above


Correct Option: D
Explanation:

The European Union has  six founding countries Belgium, France, West Germany, Italy, Luxembourg, and the Netherlands.