ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is Brexit?
A
-2016 referendum British citizens voted for the U.K. to withdraw from a parliamentary system of government in the EU
B
-2016 referendum whereupon a majority of British citizens voted for the U.K. to withdraw from the European Union
C
-2016 referendum whereupon a majority of British citizens voted to no long have a constitutional monarchy in the EU
D
-2016 referendum whereupon a majority of British citizens voted for the U.K. no longer withdraw from the European Union
Explanation: 

Detailed explanation-1: -Factors included sovereignty, immigration, the economy and anti-establishment politics, amongst various other influences. The result of the referendum, which was not legally binding, was that 51.8% of the votes were in favour of leaving the European Union.

Detailed explanation-2: -On 31 January 2020 the UK left the EU. We got Brexit done to take back control, to make our own laws, and to manage our own money.

Detailed explanation-3: -Brexit is an abbreviation of two English words: ‘Britain’ and ‘exit’ and refers to the withdrawal process of the United Kingdom (UK) from the European Union (EU). Article 50 of the Treaty of the European Union regulates the withdrawal process of any Member State.

Detailed explanation-4: -In the referendum 51.89% voted in favour of leaving the EU (Leave), and 48.11% voted in favour of remaining a member of the EU (Remain). After this result, Cameron resigned on 13 July 2016, with Theresa May becoming Prime Minister after a leadership contest.

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