Asked in a 2026 paperModerate

Recently , G7 block countries started an initiative of B3W scheme , it is called_________?

Correct answer: C. Build Back better world

  • A. Big best boost world
  • B. Big better back world
  • C. Build Back better world
  • D. None of these

Explanation

B3W stands for Build Back Better World, the G7’s proposed infrastructure initiative intended to provide an alternative to China’s Belt and Road Initiative.

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About Global Economy

Global economy covers growth, inflation, interest rates, exchange rates, public debt, trade and employment across major economies. It also includes the work of the IMF, World Bank, WTO and central banks, along with oil and commodity prices, supply-chain disruptions, sanctions, trade agreements and the economic effects of international crises.

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