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Intermediate — requires understanding of institutional structures, dates, and regional agreements, but facts are directly from NCERT and frequently tested.
Trap: Confusing the founding year of ASEAN (1967) with the entry into force of the ASEAN Charter (2008). Avoid: Remember ASEAN was founded in 1967; the Charter gave it legal status in 2008.
Trap: Assuming SAARC has achieved significant economic integration like the EU. Avoid: SAARC’s progress is limited due to political tensions; SAFTA remains underimplemented.
Trap: Believing the Euro is used by all EU members. Avoid: Only 20 of 27 EU countries use the Euro; Denmark, Sweden, Poland, etc., retain their own currencies.
Question: When was the World Trade Organization (WTO) officially established? A. 1948 B. 1993 C. 1995 D. 2001 Answer: C Explanation: The WTO was established on 1 January 1995, replacing GATT. Why others fail: 1948 is the year GATT was signed, a common confusion.
Question: Which treaty formally established the European Union? A. Treaty of Rome B. Maastricht Treaty C. Treaty of Lisbon D. Schengen Agreement Answer: B Explanation: The Maastricht Treaty (1993) created the EU from the earlier EEC. Why others fail: The Treaty of Rome (1957) established the EEC, not the EU.
Question: How many member states are in the Eurozone as of 2023? A. 18 B. 19 C. 20 D. 22 Answer: C Explanation: 20 out of 27 EU countries use the Euro as their currency. Why others fail: Some students recall outdated figures like 19, but Croatia joined in 2023.
Question: Which of the following is NOT a member of SAARC? A. Myanmar B. Bhutan C. Maldives D. Afghanistan Answer: A Explanation: Myanmar is not a SAARC member; it is part of ASEAN. Why others fail: Confusion between SAARC and ASEAN memberships due to regional proximity.
Question: The Appellate Body of the WTO became non-functional in December 2019 because: A. Members agreed to replace it with a new system B. The USA blocked the appointment of new judges C. It was dissolved by the General Council D. Funding was withdrawn by developing countries Answer: B Explanation: The USA vetoed new appointments, leading to insufficient judges to hear cases. Why others fail: Option A seems plausible due to ongoing reform talks, but the actual cause was US blocking.
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