Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Open Economy Macro Economics

Question:

European Monetary Union was created in ______.

Options:

1996

1992

1999

2002

Correct Answer:

1992

Explanation:

The correct answer is Option (2) → 1992

The decision to form the EMU (European Economic and Monetary Union) was adopted by Treaty of the European Council in the Dutch city of Maastricht in 1992 . 2002 saw the introduction of the common euro currency finally replacing the national currencies of most EU member states.

Note: In the original paper, there was no option of 1992.

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