Test: Contemporary Centres of Power- 1 - UPSC MCQ

The Eurozone, officially called the Euro area, is a monetary union of the 19 member states of the European Union (EU) that have adopted the Euro (€) as their primary currency and sole legal tender.
So, option 2 is correct.

ASEAN was established in 1967 by five countries of south east Asian region — Indonesia, Malaysia, the Philippines, Singapore and Thailand — by signing the Bangkok Declaration. One of objective of ASEAN was to accelerate economic growth and through that ‘social progress and cultural development’.

EURATOM is the abbreviation for "European Atomic Energy Community". The European Atomic Energy Community is an international organisation established by the Euratom Treaty on 25 March, 1957. Hence, option B is correct.

In spite of this, Japan is the second largest economy.

The Association of Southeast Asian Nations is a political and economic organisation of ten countries located in Southeast Asia. It was formed on 8 August, 1967 by Indonesia, Malaysia, the Philippines, Singapore and Thailand. Since then, membership has been expanded to include Brunei, Cambodia, Laos, Myanmar (Burma) and Vietnam. So, there are 10 member states and option D is correct.

Japan is the second largest contributor to the regular budget of the United Nations (UN).

The UN's regular budget is financed by contributions from its member states, based on a scale of assessments determined by the General Assembly. The scale is reviewed every three years and is intended to reflect the relative capacities of member states to pay.

As of 2021, the United States is the largest contributor to the regular budget of the UN, providing 22% of the total budget. Japan is the second largest contributor, providing approximately 9.68% of the total budget.

China, India and Britain also are among the top 10 contributors, but they are not as high as Japan in terms of the percentage of the total budget. The contributions of China is around 7.92%, India is around 7.39% and Britain is around 7.16%.

So, Japan is the second largest contributor to the regular budget of the UN.

On October 1, 1949, Chinese Communist leader Mao Zedong declared the creation of the People's Republic of China (PRC). The announcement ended the costly full-scale Civil War between the Chinese Communist Party (CCP) and the Nationalist Party, or Kuomintang (KMT), which broke out immediately following World War II and had been preceded by on and off conflict between the two sides since the 1920s.
So, option 2 is the correct answer.

ASEAN is a geo-political and economic organisation of 10 countries located in Southeast Asia. It was formed on August 8, 1967.

The currency of European Union is euro. Euro is the official currency of 19 European Union countries which collectively make up the euro area, also known as the eurozone. Some EU countries have yet to meet the criteria required to join the euro area while Denmark has opted not to participate.
Within the euro area, the euro is the only legal tender. In the absence of a specific agreement concerning the means of payment, creditors are obliged to accept payment in euros. Hence, option B is correct.

Rajiv Gandhi visited China in 1988 which improved Indo-China relations.