Around The World

1) Recently launched app/game 'Pokémon Go' is based on which of the following technologies?

a) Virtual Reality
b) Augmented Reality
c) 3D Mapping
d) None of the above

2) Which of the following may not be the likely consequence of 'BREXIT' on India?

a) Large trade impact on Indian Rupee.
b) Slight lowering of India's GDP.
c) Moderate impact on Indian exports.
d) Moderate impact on foreign income earnings of India's textile, clothing and pharma sector.

3) Which of the following may be the likely impact of BREXIT on the Britain?

a) More proactive approach towards emerging markets to fulfill its import demands.
b) Savings in terms of non payment of EU membership fees.
c) Temporary phase of economic recession.
d) All of the above

Answers

1) b
2) a, Direct trade impact on Indian Rupee is likely to be limited.
3) d

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

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