A. is the successor to COMECON
B. was established by Eastern European governments to promote free trade after the fall of communism
C. is an extended free-trade area associated with the EU
D. consists of the original six members of the European Coal and Steel Community
Related Mcqs:
- European Free trade Association (EFTA), consisting of lceland, Norway, Switzerland and Liechtenstein (from 1991) was established in:
A. 1950
B. 1960
C. 1956
D. 1951 - Indonesia, Malaysia, Philippines, Singapore and Thailand established Association of South East Asian Nations (ASEAN) in Bangkok. Brunei joined the association after attaining independence in 1984. Which was/were admitted in ASEAN in 1997?
A. Laos
B. Myanmar
C. Both of them
D. None of them - What 1992 treaty renamed the European Economic Community as the European Union?
A. the Maastricht Treaty
B. Treaty of Vienna
C. Treaty of Rome
D. Treaty of Bonn - In 1947 ‘Marshall Plan’, a European recovery programme, was announced by US Security of State, George Marshall aimed at providing economic assistance to the European nations in order to help these nations from the post-war shattered economics. Chief interest of USA was to:
A. to increase influence of USA, in Europe
B. check influence of Communist USSR, in Europe
C. to increase influence of USA, in Asia
D. check influence of Communist China, in Europe - Marshall Plan was named for its originator US secretary of state George C. Marshall. US sent the aid of almost S 13 billion dollars to 17 European countries who formed Organization for European Economic Cooperation (OEEC). When this aid was sent?
A. 1950-1952
B. 1952-54
C. 1948-52
D. 1946-52 - From which date the European community became known as the European Union (EU)?
A. 1992
B. 1995
C. 1996
D. 1993 - European Monetary Union (EMU) is a proposed European Union policy for:
A. Common economic policies
B. Single currency
C. Both of them
D. None of them - Apart from the WTO, most international trade is governed by more specific international agreements: bilateral trade agreements and:
A. global trade agreements
B. reciprocity
C. regional trade agreements
D. interdependence - Member countries of North American Free Trade agreement (NAFTA) are:
A. US, Chile, Mexico
B. US, Canada, Argentine
C. US, Canada, Mexico
D. US, Canada, Chile - If regional free-trade areas such as now exist in Europe and North America gain strength, and new ones arise,
A. the WTO will likely be replaced by the International Monetary Fund
B. the more necessary the WTO will be
C. a world-wide common market will soon be achieved
D. the WTO may be weakened
