Oxford University Press | Online Resource Centre

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Question 1

On the 1^st January 1958 six countries signed the treaty establishing the European Economic Community (EEC) in turn establishing the foundations for the European Union. In which European capital was it signed in from which it also takes its name?

a) Athens

b) Brussels

c) Rome

d) Amsterdam

Question 2

The European Union has grown to be one of the world's largest trading blocs and markets. What is the size of the population of the EU?

a) 487 million people

b) 300 million people

c) 1.2 billion people

d) 255 million people

Question 3

Which two institutions decide the Union's budget?

a) The Council of Ministers and the European Commission

b) The European Parliament and the European Central Bank

c) The Council of Ministers and the European Parliament

d) The European Central Bank and the European Commission

Question 4

The European Union is one powerful global economic bloc. Similarly, the United States, Canada and Mexico have created:

a) A free trade zone

b) A confederatation of States

c) A customs Union

d) A monetary union

Question 5

Which of the following Member States are members of the Eurozone?

a) Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Slovenia, Spain and United Kingdom

b) France, Germany, Greece, Slovenia, Spain

c) Denmark, Sweden and Finland

d) Bulgaria, Czech Republic, Poland, Romania, Slovakia and Slovenia

Question 6

What is the main reason behind the introduction of the euro?

a) It promotes economic sovereignty

b) It can protect business trading from currency fluctuations

c) To allow the free movement of people

d) It was a branding exercise

Question 7

UK independence from the euro is not the same as UK business independence from the euro. Which of the following is not essential to consider when a UK business wants to become euro compliant?

a) Ascertaining demand for euro payment facilities

b) Accepting payments in euro and dedicated euro bank account

c) Market research, product development, marketing and pricing

d) Pride in the Pound Sterling as the national currency

Question 8

Which of the following is the main source of revenue for the Union's budget?

a) GNP-based contributions

b) Customs duties

c) Agricultural levies

d) VAT

Question 9

Which of the following is not a principal objective of the Common Agricultural Policy?

a) To secure food supplies in Europe

b) To ensure a fair standard of living for agricultural and rural communities in Europe

c) To lobby the World Trade Organisation to protect the EU's farmers from competition

d) To provide consumers with food at reasonable prices

Question 10

The main reason EU car manufacturers are moving Eastward is because:

a) Taxation and bureaucracy are too onerous in Western Europe

b) Labour costs are too high in Western Europe

c) Western European markets are saturated

d) Most car companies are owned by Eastern Europeans

Oxford University Press, Online Resource Centre, Chapter 09.

Chapter 09

Instructions