Practicing Success

Target Exam

CUET

Subject

Political Science

Chapter

Contemporary World Politics: Contemporary Centres of power

Question:
Which of the following statements are true about the European Union?
a. The European Union has a common security policy along with a common currency and Parliament.
b. Under the Marshall Plan, all of Europe was extended aid and economic assistance.
c. The combined share of world trade of EU is much larger than that of USA.
d. It has expanded to include members from the erstwhile Soviet bloc.
Options:
a b and d
a, c and d
b and d
a and c
Correct Answer:
a, c and d
Explanation:
The European Union came into existence in 1992 after the end of the Cold War. it was a first step in laying the foundation for a common foreign and security policy, cooperation on justice and home affairs, and the creation of a single currency. It began with America extending extensive support for the revival of European economy through the Marshall Plan to channel aid to the west European countries. The European Union has tried to expand areas of cooperation while acquiring new members, especially from the erstwhile Soviet bloc.