The 'European Union' currently has how many member countries after Brexit? MCQ with Answer and Explanation

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The 'European Union' currently has how many member countries after Brexit?

A. 25

B. 30

C. 28

D. 27

Answer: Option D

Solution (By JKSSB Mock Tests)

After Brexit, the EU has 27 member states.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Base Erosion and Profit Shifting' concerns tax avoidance by:

A. non-profit organizations

B. government departments

C. multinational enterprises shifting profits to low-tax jurisdictions

D. individual employees

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Correct Answer: Option C

Explanation:
BEPS involves multinational enterprises shifting profits to low-tax jurisdictions.

This question belongs to: Economy GK Economy Set 1

Question #2

In the quantity theory of money, the equation MV = PT was given by:

A. Alfred Marshall

B. John Maynard Keynes

C. Milton Friedman

D. Irving Fisher

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Correct Answer: Option D

Explanation:
Irving Fisher formulated the equation of exchange MV = PT, where M is money supply, V is velocity of money, P is price level and T is volume of transactions.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Tribunals for other matters' are established under which article?

A. Article 323B

B. Article 329

C. Article 323A

D. Article 324

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Correct Answer: Option A

Explanation:
Tribunals for other matters are established under Article 323B.

This question belongs to: Economy GK Economy Set 1

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