ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC INSTITUTIONS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following statements BEST outlines the role of the European Union?
A
To create more job opportunities for citizens to travel
B
To encourage tourism in member nations
C
To allow free movement of goods, service, capital and people among member states
D
t restrict trade with non-member states
Explanation: 

Detailed explanation-1: -The aims of the European Union within its borders are: promote peace, its values and the well-being of its citizens. offer freedom, security and justice without internal borders, while also taking appropriate measures at its external borders to regulate asylum and immigration and prevent and combat crime.

Detailed explanation-2: -Answer: The following statement best describes the European Union : The EU is a political and economic partnership among separate European nations.

Detailed explanation-3: -The EU has also led the way in promoting the free flow of capital internationally, advocating for lower trade barriers and a level playing field for investments.

Detailed explanation-4: -One of the keystones of the European Union (EU) internal market is the principle of the free movement of goods – the creation and development of an area without internal borders, where there are no unjustified restrictions to trade between EU Member States.

There is 1 question to complete.