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UPSC 1997: The economic and monetary union of 15 European Countries is proposed to be made by 1999. But the currencies of two countries, Franc, have already the same value and circulate freely in both the countries. The countries are
(a)France and Switzerland
(b)Switzerland and Luxembourg
(c)Luxembourg and Belgium
(d)France and Belgium
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Not attemptedCorrect Answer: (c) Luxembourg and Belgium
Under the Belgium–Luxembourg Economic Union (BLEU) created in 1921, the Luxembourg franc was kept at par (1 = 1) with the Belgian franc and both currencies circulated freely in the two countries; no other pair of ‘franc’ countries enjoyed this arrangement, so the pair must be Luxembourg and Belgium. ([aspireias.com](https://www.aspireias.com/upsc-general-study-10years-paper/indianeconomy?utm_source=openai))
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Frequently Asked Questions
What is the correct answer to this UPSC 1997 Current Affairs question?▼
The correct answer is option (c): Luxembourg and Belgium. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this International Organisations & Groupings question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 1997, GS Paper 1, as Question 4. It falls under Current Affairs > International Organisations & Groupings.
What is the difficulty level of this UPSC question?▼
This question is rated "moderate". It requires sound conceptual understanding of the topic.
How many UPSC Prelims questions have been asked from International Organisations & Groupings?▼
UPSC has asked 69 questions from International Organisations & Groupings (under Current Affairs) across multiple years. Visit the topic page to see the full list and year-wise trends.