UPSC Prelims Practice Questions — EU kickstarts Mercosur pact to counter U.S. trade hit
Q1. As of 2026, how many full member states does the Mercosur bloc have?
- A. Three
- B. Four
- C. Five
- D. Six
Q2. Which institution of the European Union has, in 2026, taken the decision to provisionally apply the trade pillar of the EU-Mercosur agreement?
- A. European Parliament
- B. European Commission
- C. Court of Justice of the European Union
- D. European Council of Heads of State
Q3. With reference to the Mercosur bloc, consider the following countries:
1. Brazil
2. Argentina
3. Bolivia
4. Chile
Which of the above is/are correctly identified as a founding signatory of the 1991 Treaty of Asuncion that established Mercosur?
- Brazil
- Argentina
- Bolivia
- Chile
- A. 1 and 2 only
- B. 1, 2 and 3
- C. 2, 3 and 4
- D. 1, 2, 3 and 4
Q4. In the context of the EU-Mercosur trade agreement, the term 'Mercosur' literally refers to which one of the following?
- A. Southern Common Market
- B. South American Customs Union
- C. Latin American Free Trade Zone
- D. Atlantic Economic Community
Q5. Which one of the following is the largest economy within the Mercosur bloc and accounts for the bulk of its combined GDP?
- A. Argentina
- B. Brazil
- C. Uruguay
- D. Paraguay