Question of the day Date: 14/05/2014 SR.No. RAUS/MCQ/41/2014 (Q). With reference to Eurozone, identify the incorrect statements: 1. Eurozone, officially called euro area is an economic and monetary union (EMU) of 18 European Union (EU) member states that have adopted the euro (€) as their common currency and sole legal tender. 2. United Kingdom and Denmark are the founding countries of Eurozone. 3. Monaco, San Marino, Vatican City and Andorra have formal agreements with the EU to use the euro as their official currency and issue their own coins. 4. Croatia and Albania have adopted the euro unilaterally. However, these countries do not formally form part of the eurozone. 5. European central bank responsible for monitory policy of Eurozone is headquartered in Berlin, Germany. (a) 1, 2 and 3 (b) 1, 3 and 5 (c) 2, 4 and 5 (d) 3, 4 and 5
Posted on: Wed, 14 May 2014 03:22:31 +0000
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