Tag: trade and trade organisations

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

The Council of the European Union is sometimes referred to as the 

  1. Council of traders

  2. Council of farmers

  3. Council of consumers

  4. Council of Ministers
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Council of the European Union referred to in the treaties and other official documents simply as the 'Council' is the third of the seven Institutions of the European Union (EU) as listed in the Treaty on European Union. It is the other half of the EU legislature (the other legislative body being the European Parliament) and represents the executive governments of the EU's member states. Sometimes it is also referred to as the Council of Ministers.

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

How many of the 28 member states of the European Union use the Euro?

  1. 20

  2. 28

  3. 10

  4. 19
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The euro is the official currency of the European Union. Currently, 19 of 28 member states use the euro; this group of states is known as the eurozone. It is the second most traded currency in the foreign exchange market after the United States dollar. The euro is subdivided into 100 cents.

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

EURATOM was established by the ________.

  1. Treaty of Nanking

  2. Treaty of London

  3. Treaty of Rome

  4. Treaty of Versailles
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The European Atomic Energy Community (EAEC or Euratom) is an international organization established by the Treaty of Rome. Its original purpose is of creating a specialist market for nuclear power in Europe, developing nuclear energy and distributing it to its member states while selling the surplus to non-member states.

It is legally distinct from the European Union (EU), but has the same membership, and is governed by many of the EU's institutions but is the only remaining community organization that is independent of the European Union and therefore outside the regulatory control of the European Parliament.

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

Who provides funds for research projects in the European Union?

  1. European Research Council

  2. European Parliament

  3. The European Commission

  4. The Council of the European Union
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The European Research Council (ERC) is a public body for funding of scientific and technological research conducted within the European Union (EU). Established by the European Commission in 2007, the ERC is composed of an independent Scientific Council, its governing body consisting of distinguished researchers, and an Executive Agency, in charge of the implementation.

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

Who manages the budgets for the European Union?

  1. The European Central Bank

  2. The European Commission

  3. The European Parliament

  4. The Court of Auditors
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Court of Auditors (European Court of Auditors, ECA) is the fifth institution of the European Union (EU). It was established in 1975 in Luxembourg. 

Despite its name, the Court has no judicial functions. The primary role of the court is to externally check if the budget of the European Union has been implemented correctly, in that EU funds have been spent legally and with sound management.