EG3012 BUSINESS ASSIGNMENT Part A

PART A - 1 of 2
European Union (EU) Countries (14.5 marks - Each correct answer achieves 0.5 mark)

The European Union (EU) is an economic and political union of 28 independent member
states which are located primarily in Europe. The EU operates through a hybrid system of
supranational independent institutions and inter-governmentally made decisions negotiated
by the member states. Important institutions of the EU include the European Commission,
the Council of the European Union, the European Council, the Court of Justice of the
European Union, and the European Central Bank. The European Parliament is elected every
five years by EU citizens. There is one other country that has an associate agreement with
the EU.

Question 1:

List the 28 countries in the correct alphabetical order that are currently in the EU and
at the bottom include the Associate Country.

Eurozone Countries (4.5 marks - Each correct answer achieves 0.5 mark)

The eurozone is an Economic and Monetary Union (EMU) of 19 European Union (EU)
member states that have adopted the euro (€) as their common currency and sole legal
tender. Monetary policy of the zone is the responsibility of the European Central Bank (ECB)
which is governed by a president and a board of the heads of national central banks. The
principal task of the ECB is to keep inflation under control. Though there is no common
representation, governance or fiscal policy for the currency union, some co-operation does
take place through the Euro Group, which makes political decisions regarding the eurozone
and the euro. The Euro Group is composed of the finance ministers of eurozone states,
however in emergencies, national leaders also form the Euro Group.

Question 2:

List the 9 Eurozone Countries in alphabetical order that are currently NOT in the EU
Eurozone.

PART A - 2 of 2
 EG3012 BUSINESS ASSIGNMENT Part A

European Union Multiple-choice (5 marks - Each correct answer achieves 0.5 mark)

Q3) When was the European Economic Community formed?

a) 25 March 1957 b) 10 May 1945 c) 23 August 1949 d) 30 December 1955

Q4) Which of the following countries was not an original member of the European
Economic Community?

a) France b) Luxembourg c) Ireland d) Belgium

Q5) When did Greece join the European Economic Community?

a) 1972 b) 1988 c) 1987 d) 1981

Q6) When did the Single European Act come into effect?

a) 14 February 1972 b) 22 April 1968 c) 1 July 1987 d) 28 October 1991

Q7) Which treaty established the European Union?

a) Lisbon Treaty b) Maastricht Treaty c) Treaty of Rome d) Treaty of Nice

Q8) When did the European Union come into existence?

a) 3 March 1995 b) 10 June 1978 c) 11 September 1986 d) 1 November 1993

Q9) Which of the following countries did not join the European Union on 1 January
1995?

a) Sweden b) Finland c) Austria d) Norway

Q10) How many countries were admitted to the European Union in 2004?

a) 12 b) 10 c) 18 d) 23

Q11) When did Bulgaria and Romania join the European Union?

a) 2001 b) 2007 c) 1993 d) 1996

Q12) When did euro coins and notes come into circulation?

a) 1 January 2002 b) 1 June 1998 c) 1 July 2003 d) 7 December 1999

PART A - 24 Marks
 EG3012 BUSINESS ASSIGNMENT Part A
Q1 - EUROPEAN COUNTRIES (EU) COUNTRIES Q2 - COUNTRIES NOT IN
in strict alphabetical order (14.5) THE EUROZONE (4.5)

1 Austria 15 Italy 1 Bulgaria

2 Belgium 16 Latvia 2 Croatia

3 Bulgaria 17 Lithuania 3 Czech Republic

4 Croatia 18 Luxembourg 4 Denmark

5 Republic of Cyprus 19 Malta 5 Hungary

6 Czech Republic 20 The Netherlands 6 Poland

7 Denmark 21 Poland 7 Romania

8 Estonia 22 Portugal 8 Sweden

9 Finland 23 Romania 9 The UK

10 France 24 Slovakia

11 Germany 25 Slovenia

12 Greece 26 Spain

13 Hungary 27 Sweden

14 Ireland 28 The UK Marks Given

Associate Country = Norway Q1

Q3 to Q12 - MCQ (5) Q2

Q3 A Q8 D Q3 – Q12

Q4 C Q9 D

Q5 D Q10 B NAME
Q6 C Q11 B Assadullah Zeb TOTAL
Q7 B Q12 A KU ID MARK
K1528523