Tag: trade and trade organisations

Questions Related to trade and trade organisations

 Why did the European Union adopt a single currency?

geography the world after world war - ii basics of european union trade and trade organisations trade

  1. To establish a good market world wide

  2. To stop black marketing

  3. To bring all members under single roof

  4. All of these

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Correct Option: D

Which one of the common long lasting policies of Euro?

geography the world after world war - ii basics of european union trade and trade organisations trade

  1. Economic

  2. Agriculture

  3. Humanities

  4. All of the above

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Correct Option: B
Explanation:

The common Agricultural policy is the one of the lasting polices of the EU. It is focused on increasing agricultural production, providing certainty in food etc.

How many members do European Union currently have?

geography the world after world war - ii basics of european union trade and trade organisations trade

  1. 14

  2. 28

  3. 25

  4. 10

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Correct Option: B
Explanation:

From its starting to till date EU have 28 countries as its member.

Genetically modified foods are the scientific research fields of _________.

geography the world after world war - ii basics of european union trade and trade organisations trade

  1. United States of America

  2. European Union

  3. United Kingdom

  4. None of these

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Correct Option: B
Explanation:

Biotechnology helps in development of genetically modified food which is the scientific research field of EU.

What is the full form of ESCB?

geography the world after world war - ii basics of european union trade and trade organisations trade

  1. European Systems of Central Bank

  2. European Systems of Centre Bank

  3. European Systems of Central Board

  4. Eastern Systems of Central Bank

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Correct Option: A
Explanation:

European Systems of Central Bank is the full form of ESPB.

________ is the second largest single currency in world, which is second most traded currency as well.

geography the world after world war - ii basics of european union trade and trade organisations trade

  1. Dollars

  2. Euro

  3. Rupay

  4. None of above

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Correct Option: B
Explanation:

Euro is the single currency which is the second most traded and reserve currency of the world.

European Union had a combined GDP of _________trillion dollars.

geography the world after world war - ii basics of european union trade and trade organisations trade

  1. 18.640

  2. 140000

  3. 7825

  4. 4158

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Correct Option: A
Explanation:

European Union with a single currency system had a combined GDP of 18.640 trillion dollars.

European Union worked on __________.

geography the world after world war - ii basics of european union trade and trade organisations trade

  1. Bioeconomy

  2. Biogas

  3. Biofuel

  4. None of above

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Correct Option: A
Explanation:

The Bioeconomy comprises those parts of the economy that use renewable biological resources from land and sea such as crops, forests, fish, animals and micro-organisms to produce food, materials and energy. European Union is currently working on this.

European Systems of Central Bank is divided into how many parts?

geography the world after world war - ii basics of european union trade and trade organisations trade

  1. 2

  2. 6

  3. 3

  4. 1

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Correct Option: A
Explanation:

European Systems of Central Bank is divided into European Central Bank and National Central Bank.

Which countries are the member of the European Free Trade Association but not the member of EU.

geography the world after world war - ii basics of european union trade and trade organisations trade

  1. Iceland

  2. Norway

  3. Switzerland

  4. All of these

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Correct Option: D
Explanation:

Iceland, Norway and Switzerland are the countries are the member of the European Free Trade Association but not the member of EU.