Question

What is EEC?
A. European Union for Economic Policy
B. European Union for Electronics Policy
C. European Union for Environmental Policy
D. None of these

Answer 1

Hint: EEC is an organisation which was established in 1957 and it was established by the Treaty of Rome. It was renamed as European Community (EC) after it was incorporated into the European Union.

Complete answer: EEC stands for European Economic Community and it is informally known as the European Economic Union. It was a regional organisation and its aim was to bring economic integration among the member states. However, once it was integrated into the European Union it was renamed as the European Community (EC) and in 2009 it ceased to exist and all its institutions were directly absorbed by the European Union. Therefore the European Union is the formal successor institution of the Community.
In the preamble of the EEC, the main aim of it is stated. To ‘preserve peace and liberty and to lay foundations of an ever closer union among the people of Europe’ was the main aim of the EEC.
The ‘inner six’ was the name given to the six states who founded the European Economic Community. The six states were - France, West Germany, Italy and the three Benelux countries.
It was the Treaty of Lisbon, which was signed in the year 2009, by which the European Economic Community was dissolved into the European Union.
Therefore, the correct answer is option D.

Note: There are 27 members in the European Union and it is a political and economic union. Its members have an estimated population of around 447 million. Recently Britain exited the EU and it was famously called ‘Brexit’.