Which of the following is the official currency of the European Union?
- A.Yen
- B.Dollar
- C.Euro
- D.Pound
Correct answer
Explanation
The correct answer is C, Euro. The euro is the official currency of the European Union. It came into being as an accounting currency in 1999 and reached people's hands as notes and coins on 1 January 2002. It is managed by the European Central Bank at Frankfurt, its symbol is a crossed E and its code is EUR. Not every member state uses it: the group that does is called the eurozone, while members such as Sweden, Poland and Denmark keep their own currencies. A is wrong because the yen is the currency of Japan. B is wrong because the dollar belongs to the United States and several other countries, none of them the European Union. D is wrong because the pound sterling is the currency of the United Kingdom, which never adopted the euro and left the Union in 2020. Exam tip: euro - European Central Bank at Frankfurt, notes and coins from 1 January 2002, and its users form the eurozone.
Practice Questions
View allThe first BRICS Summit, after the inclusion of South Africa, was held at
- A.Brasilia
- B.Sanya
- C.Yekaterinburg
- D.Durban
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South Africa joined the group in late 2010, turning BRIC into BRICS, and its first summit as a member was the third summit of the group, held at Sanya on Hainan Island in China in April 2011.
Read the full explanation →'SAMPRITI-2017' is a joint military exercise between armed forces of India and
- A.Bhutan
- B.Bangladesh
- C.Pakistan
- D.Myanmar
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Sampriti is the joint military exercise of the Indian Army and the Bangladesh Army, and the 2017 edition was one round of this long-running series.
Read the full explanation →Which one of the following pairs of military training institute of India and location is not correctly matched?
- A.Army War College : Mhow
- B.High Altitude Warfare School : Gulmarg
- C.Army Air Defence College : Pune
- D.Rashtriya Indian Military College : Dehradun
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The Army Air Defence College is not in Pune; it stands at Gopalpur-on-Sea in the Ganjam district of Odisha, on the Bay of Bengal coast.
Read the full explanation →Which one of the following is not an Air Defence Missile system?
- A.Akash
- B.Trishul
- C.Tatra
- D.Astra
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Tatra is not a missile at all: it is a make of heavy all-terrain trucks from the Czech Republic, used by the Indian Army to carry launchers, radars and other heavy loads.
Read the full explanation →BREXIT refers to the Great Britain leaving which one of the following?
- A.International Monetary Fund
- B.Commonwealth
- C.World Trade Organization
- D.European Union
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"Brexit" joins "Britain" and "exit" and means the United Kingdom's departure from the European Union. In a referendum on 23 June 2016, about 52% of voters chose to leave the EU.
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