CLAT GurukulSamudraManthan

Topic 123 · Answers

EU-Mercosur trade agreement signed

All 10 answers, each with its Book 1 RATNA fact. Try the questions first

  1. Question 1Answer B

    Where did the EU and Mercosur sign their agreement on 17 January 2026?

    • Brussels, Belgium
    • Correct answer: Asuncion, Paraguay
    • Montevideo, Uruguay
    • Buenos Aires, Argentina

    Core Trigger: The EU and Mercosur signed their partnership and trade agreement in Asuncion, Paraguay, on 17 January 2026.From Book 1 RATNA, topic 123, point 1

  2. Question 2Answer D

    In which year did the EU-Mercosur negotiations begin?

    • 1991
    • 1994
    • 2005
    • Correct answer: 1999

    Talks History: The signing closed negotiations that began in 1999, making them among the longest trade talks in history.From Book 1 RATNA, topic 123, point 2

  3. Question 3Answer D

    Who is President of the European Commission?

    • Roberta Metsola
    • Charles Michel
    • Josep Borrell
    • Correct answer: Ursula von der Leyen

    Current Head: Ursula von der Leyen is President of the European Commission.From Book 1 RATNA, topic 123, point 3

  4. Question 4Answer C

    Consider: 1. Tariffs fall on over 90 per cent of trade. 2. Some cuts are phased over ten to fifteen years. Which is correct?

    • Only 1
    • Only 2
    • Correct answer: Both 1 and 2
    • Neither 1 nor 2

    Tariff Data: Tariffs fall on over 90 per cent of trade, some cuts phased over ten to fifteen years.From Book 1 RATNA, topic 123, point 4

  5. Question 5Answer A

    Which Mercosur member is currently suspended?

    • Correct answer: Venezuela
    • Bolivia
    • Paraguay
    • Uruguay

    Mercosur Members: Brazil, Argentina, Paraguay, Uruguay and Bolivia are members; Venezuela is suspended.From Book 1 RATNA, topic 123, point 5

  6. Question 6Answer D

    What is still needed before the EU-Mercosur agreement applies?

    • Approval of the UN General Assembly
    • WTO Ministerial approval
    • India's ratification
    • Correct answer: Consent of the European Parliament

    Pending Steps: European Parliament consent and ratification by the Mercosur states are still needed before the agreement applies.From Book 1 RATNA, topic 123, point 6

  7. Question 7Answer B

    Where is Mercosur's secretariat located?

    • Brasilia, Brazil
    • Correct answer: Montevideo, Uruguay
    • Asuncion, Paraguay
    • Buenos Aires, Argentina

    Headquarters: Mercosur's secretariat is in Montevideo, Uruguay; the EU Commission sits in Brussels.From Book 1 RATNA, topic 123, point 8

  8. Question 8Answer C

    Mercosur was created by the Treaty of Asuncion in which year?

    • 1985
    • 1994
    • Correct answer: 1991
    • 1999

    Founded: Mercosur was created by the Treaty of Asuncion in 1991.From Book 1 RATNA, topic 123, point 9

  9. Question 9Answer D

    The Ouro Preto Protocol (1994) gave Mercosur what?

    • A common currency
    • A standing court
    • A joint parliament
    • Correct answer: International legal personality

    Landmark: The Ouro Preto Protocol (1994) gave Mercosur international legal personality.From Book 1 RATNA, topic 123, point 10

  10. Question 10Answer A

    Consider: 1. A customs union adds a common external tariff. 2. India is a party to the EU-Mercosur agreement. Which is correct?

    • Correct answer: Only 1
    • Only 2
    • Both 1 and 2
    • Neither 1 nor 2

    Definition: A free trade area cuts tariffs among members; a customs union adds a common external tariff, as Mercosur has.From Book 1 RATNA, topic 123, point 12

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