Tag: trade

Questions Related to trade

Which of the following is not a feature of the single market developed by the European Union:

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

  1. Standardised laws applicable to all member states

  2. Free movement of people, goods, services, and capital

  3. Abolition of passport controls

  4. Control of human trafficking

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Correct Option: D
Explanation:

The European Single Market is a single market which seeks to guarantee the free movement of goods, capital, services, and labour. 

A single market is a market in which most trade barriers have been removed (for goods) with some common policies on product regulation, and freedom of movement of the factors of production (capital and labour) and of enterprise and services including the abolition of passport controls. 

The goal is that the movement of capital, labour, goods, and services between the members is as easy as within them. Control of human trafficking is not a feature of the single market.

What term is often applied to the complex and fragmented constitutional structure established by the Treaty on European Union 1992?

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

  1. A Europe of variable geometry

  2. Supranationalism

  3. Both a and b

  4. None of these

Show answer
Correct Option: A
Explanation:

The constitutional structure of European Union, as established by the Treaty on European Union 1992, is often described as a Europe of 'variable geometry'. It incorporated both supranational elements (decision-making by the Community institutions, acting partly or entirely independently of the Member States, within the first pillar).

What did European Political Co-operation achieve?

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

  1. It created an intergovernmental framework for coordination on foreign policy issues

  2. It created the position of foreign minister for the European Community

  3. It introduced a foreign policy dimension to the European Community

  4. All of the above

Show answer
Correct Option: A
Explanation:

European Political Co-operation (EPC) created an intergovernmental framework for coordination on foreign policy issues. This represented 'deepening' of integration and it allowed Member States to develop common positions on the Middle East (which was important as part of Europe's response to the oil crisis caused by OPEC embargoes), and at the Conference for Security and Co-operation in Europe and for UN General Assembly voting. This co-operation was limited. EPC did not take place within the institutional framework of the European Community; co-operation took place purely on an intergovernmental basis, without the involvement of the European Commission, the European Parliament and the European Court of Justice. It was also limited-it did not create a foreign minister position. 

What is meant by 'subsidiarity'?

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

  1. Where decisions or action are taken at political level, rather than at national, regional, or local level, this must be justified

  2. Where decisions or action are taken at zero level, rather than at national, regional, or local level, this must be justified

  3. Where decisions or action are taken at community level, rather than at national, regional, or local level, this must be justified.

  4. Decisions or action taken at Community level

Show answer
Correct Option: C
Explanation:

Subsidiarity is a general principle of Community law. This principle is intended to ensure that decisions are taken as closely as possible to the citizen.

Which of the following is not a consequence of adopting a common currency by the European Union:

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

  1. Eliminated foreign exchange hurdles

  2. Promoted free trade across the union

  3. Boosted trade among the member nations

  4. Contributed to world peace

Show answer
Correct Option: D
Explanation:

The Euro eliminated foreign exchange hurdles encountered by companies doing business across the European border and promoted a free trade policy. This further contributed to a boost in trade among the member nations. Contribution to world peace is not  a direct consequence of adopting a common currency.

What is EEC?

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

  1. European Union For Economic Policy

  2. European Union For Electronics Policy

  3. European Union For Environmental Policy

  4. None of these

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Correct Option: C
Explanation:

EEC stands for European Union For Environmental Policies which is established for environmental issues.

Which of the following statements correctly describes a key feature of a directive of European Union?

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  1. A directive must be implemented by Member States

  2. A directive must be implemented by President

  3. A directive must be implemented by people

  4. A directive is binding on the governments of third countries

Show answer
Correct Option: A
Explanation:

A directive is a form of European Union secondary legislation. Article 288 TFEU describes a directive as 'binding as to the result to be achieved, upon each Member State to which it is addressed, but leaving to the national authorities the choice of form and methods'. This means that directives, which are set out in general terms, must be implemented by Member States through the adoption of detailed measures, usually by national legislation.

Who was not a president of the European Commission?

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

  1. Santer

  2. Prodi

  3. Dehaene

  4. All of these

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Correct Option: C
Explanation:

Dehaene was nominated to follow Delors. Though the obvious candidate, he was blocked (in favor of Santer) by British Prime Minister, John Major.

Name one of the general principles of EU law.

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

  1. Primary legislation

  2. Proportionality

  3. Voting rights

  4. None of these

Show answer
Correct Option: B
Explanation:

The EU legal order embraces a number of general principles of law. These include the principle of proportionality, which requires that actions taken or measures adopted, whether by Member States or the EU institutions, go no further than is necessary to achieve their objective.

Which one of the following terms is used to describe trade between two or more countries?

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  1. Internal trade

  2. International trade

  3. External trade

  4. Local trade

Show answer
Correct Option: B
Explanation:

 It may take place through sea, air or land routes.