BREXIT and Related Concepts

1) Which of the following is not the part of 'Great Britain'?

a) Northern Ireland
b) Scotland
c) Wales
d) Britain

2) Which of the following statements is/are correct with respect to BREXIT?

a) BREXIT refers to a " popular Vote in United Kingdom to end 43 year old membership of the European Union".
b) Decision for BREXIT was taken through a Referendum.
c) Both a and b
d) Neither a nor b

3) What could be the possible reasons that might have prompted the citizens of United Kingdom to opt for the BREXIT?

i) Open immigration policy of European Union.
ii) EU Common markets that came at the cost of highly bureaucratized regulations.
iii) Rising tide of nationalist identity in Britain.
iv) Economic crisis in Britain and lack of effective measures by political leadership.

a) i, ii and iii only.
b) i, iii and iv only
c) i and ii only
d) i, ii, iii and iv

4) Which of the following statements is/are correct with respect to the procedures laid down for withdrawal of membership from the European Union (EU)?

a) Under "Article 50 of the EU's Lisbon Treaty", a member state wishing to leave the EU should first notify the European Council its decisions
b) Under Article 50, the member and the EU leadership negotiates the terms of departure and reach an agreement in 2 years.
c) Both a and b
d) Neither a nor b

5) Which of the following statements is incorrect with respect to 'Norway Model of EU Membership"?

a) Norway has access to the single market while staying out of EU.
b) It does not make any contributions to the EU budget.
c) Norway, along with Liechtenstein and Iceland, is member of the European Economic Area(EEA).
d) Separate secretariat in Brussels manage relationship between EU and EEA countries.

Answers:

1) a
2) c , United Kingdom consists of : Britain, Scotland, Wales and Northern Ireland
3) d
4) c , Note : UK is the second country to leave EU after Greenland
5) b

Reference : http://www.bbc.com/news/uk-politics-32810887