Which of the following statements is incorrect about the European Union (EU)?

2023

Which of the following statements is incorrect about the European Union (EU)?

  1. A.

    EU creates a single market for its members

  2. B.

    EU has been awarded the Nobel Peace Prize

  3. C.

    Britain’s exit from EU was through a Referendum

  4. D.

    Slovenia is the only EU member which has not adopted common currency of EU

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Correct answer: D

Answer: The statement that Slovenia is the only EU member which has not adopted the common currency is incorrect.

Why this is incorrect:

  • Slovenia adopted the euro in 2007, so it is not a country that has not adopted the euro.

  • Several EU members have not adopted the euro; examples include Sweden, Poland, the Czech Republic, Hungary, Romania and Bulgaria. Denmark has a formal opt-out and continues to use the Danish krone.

Confirming the other statements:

  • The EU creates a single market that enables free movement of goods, services, capital and people among member states.

  • The European Union was awarded the Nobel Peace Prize in 2012 for advancing peace, reconciliation, democracy and human rights in Europe.

  • The United Kingdom’s exit from the EU was initiated by a public referendum held in 2016; the withdrawal process concluded in 2020.

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