BREXIT and Related Concepts Part - 2

1) Which of the following statements is/are correct with respect to "Schengen Area"?

a)  Under this 26 countries have allowed free movement across borders.
b) Some EU and several non-EU countries are part of this area.
c) Britain and Ireland are not the part of this area.
d) All of the above are correct.

2) Which of the following statements is/are correct with respect to "European Economic Area(EEA)"?

a) The EEA permits free trade and promotes other forms of cooperation in all 28 members of the EU.
b) Iceland, Liechtenstein, Norway and Switzerland are members of EEA.
c) Both a and b
d) Neither a nor b

3) Which of the following statements is incorrect with respect to "Eurozone"?

a) It is a monetary union of several countries whose common currency is the EURO.
b) All EU or Schengen countries are part of the Eurozone.
c) The UK has been a member of the EU, but not of the Eurozone of the Schengen area.
d) Sweden, Denmark, Poland and the Czech Republic are part of the Schengen area but do not have Euro as their currency.

4) Consider the following statements with respect to "European Union":

i) It was created by six countries in 1958 as the European Economic Community(EEC).
ii) Before BREXIT, EU had 28 members.
iii) It is solely an economic union with no focus on policy areas like climate, health, security, justice and migration.

Which of the above statements is/are correct?

a) i and ii only
b) All of the above
c) ii and iii only
d) ii only

5) Which of the following statements is/are incorrect with respect to "NATO"?

a) It is a military alliance of 32 members.
b) United States and Turkey are members of this alliance.
c) All EU countries are member of this alliance.
d) Both a and c are incorrect.

Answers :

1) d, Non-European Members like Iceland, Liechtenstein, Norway and Switzerland are part of this group.
2) a, Switzerland is not the member of EEA
3) b, Only 19 countries are part of Eurozone.
4) a
5) d, NATO has 28 members. 6 EU states are not the members of this alliance.

Reference : BREXIT And Related Concepts Part-1