The Maastricht Treaty

Description: The Maastricht Treaty, signed in 1992, was a landmark agreement that laid the foundation for the European Union (EU) as we know it today. It established the European Union, introduced a common currency (the euro), and set out the criteria for countries to join the EU. This quiz will test your knowledge of the Maastricht Treaty and its impact on the EU.
Number of Questions: 15
Created by:
Tags: economics monetary economics the maastricht treaty
Attempted 0/15 Correct 0 Score 0

When was the Maastricht Treaty signed?

  1. 1991

  2. 1992

  3. 1993

  4. 1994


Correct Option: B
Explanation:

The Maastricht Treaty was signed on February 7, 1992, in the city of Maastricht, Netherlands.

What was the primary goal of the Maastricht Treaty?

  1. To establish a common currency for Europe

  2. To create a single market for goods and services

  3. To promote cooperation in justice and home affairs

  4. To strengthen the EU's foreign and security policy


Correct Option: A
Explanation:

The Maastricht Treaty's primary goal was to establish a common currency for Europe, known as the euro.

Which countries were the original signatories to the Maastricht Treaty?

  1. France, Germany, Italy, and the United Kingdom

  2. France, Germany, Italy, and Spain

  3. France, Germany, Italy, and the Netherlands

  4. France, Germany, Italy, and Belgium


Correct Option: C
Explanation:

The original signatories to the Maastricht Treaty were France, Germany, Italy, and the Netherlands.

What were the convergence criteria established by the Maastricht Treaty for countries to join the EU?

  1. A budget deficit below 3% of GDP and a public debt below 60% of GDP

  2. An inflation rate below 2% and a long-term interest rate below 3%

  3. A stable exchange rate and a low level of unemployment

  4. All of the above


Correct Option: D
Explanation:

The Maastricht Treaty established four convergence criteria for countries to join the EU: a budget deficit below 3% of GDP, a public debt below 60% of GDP, an inflation rate below 2%, and a long-term interest rate below 3%.

When did the euro, the common currency of the EU, come into circulation?

  1. 1999

  2. 2000

  3. 2001

  4. 2002


Correct Option: D
Explanation:

The euro came into circulation on January 1, 2002, in 12 EU member states.

What was the impact of the Maastricht Treaty on the EU's political and economic integration?

  1. It strengthened the EU's political and economic integration

  2. It weakened the EU's political and economic integration

  3. It had no significant impact on the EU's political and economic integration

  4. It led to the dissolution of the EU


Correct Option: A
Explanation:

The Maastricht Treaty strengthened the EU's political and economic integration by establishing a common currency, creating a single market, and setting out the criteria for countries to join the EU.

Which country was the first to adopt the euro as its official currency?

  1. Germany

  2. France

  3. Italy

  4. Spain


Correct Option: A
Explanation:

Germany was the first country to adopt the euro as its official currency on January 1, 2002.

How many countries are currently members of the European Union?

  1. 27

  2. 28

  3. 29

  4. 30


Correct Option: A
Explanation:

As of 2023, there are 27 member states in the European Union.

What is the name of the EU's central bank?

  1. European Central Bank (ECB)

  2. Bank of Europe (BoE)

  3. Federal Reserve (Fed)

  4. International Monetary Fund (IMF)


Correct Option: A
Explanation:

The European Central Bank (ECB) is the central bank of the European Union.

What is the name of the EU's single market?

  1. European Single Market

  2. Common Market

  3. Internal Market

  4. All of the above


Correct Option: D
Explanation:

The EU's single market is officially known as the European Single Market, the Common Market, and the Internal Market.

What is the name of the EU's common agricultural policy?

  1. Common Agricultural Policy (CAP)

  2. Farm Bill

  3. Agricultural Act

  4. None of the above


Correct Option: A
Explanation:

The EU's common agricultural policy is known as the Common Agricultural Policy (CAP).

What is the name of the EU's structural and cohesion funds?

  1. Structural and Cohesion Funds

  2. Regional Development Fund

  3. Social Fund

  4. Cohesion Fund


Correct Option: A
Explanation:

The EU's structural and cohesion funds are collectively known as the Structural and Cohesion Funds.

What is the name of the EU's research and development program?

  1. Horizon Europe

  2. Framework Programme for Research and Technological Development

  3. Science and Technology Programme

  4. None of the above


Correct Option: A
Explanation:

The EU's research and development program is known as Horizon Europe.

What is the name of the EU's Erasmus+ program?

  1. Erasmus+

  2. European Union Programme for Education, Training, Youth and Sport

  3. Lifelong Learning Programme

  4. Youth in Action Programme


Correct Option: A
Explanation:

The EU's Erasmus+ program is officially known as Erasmus+.

What is the name of the EU's European Social Fund?

  1. European Social Fund

  2. Social Fund

  3. European Employment Fund

  4. European Regional Development Fund


Correct Option: A
Explanation:

The EU's European Social Fund is officially known as the European Social Fund.

- Hide questions