Free Global Economy MCQs with Answers
448 Global Economy MCQs from International Current Affairs, each with the correct answer and a written explanation of why it is correct. Free and unlimited, with no account needed.
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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448 questions · page 10 of 23
181. Which Mobile manufacturing company has decided to withdraw its smartphone brand from the market?
- A. Motorola
- B. Sony
- C. Nokia
- D. LG Electronics
Explanation: LG Electronics announced in 2021 that it would close its loss-making mobile-phone business and withdraw its smartphone brand from the…
Correct answer: LG Electronics182. China signed a deal of economic partnership of 400 billion dollars to which of the following country
- A. Bangladesh
- B. Myanmar
- C. China
- D. Iran
Explanation: China and Iran agreed on a 25-year economic and security cooperation framework, often reported as involving potential Chinese investment…
Correct answer: Iran183. A ship recently blocked which trade route causing the world economy to lose million of Dollars?
- A. Strait of Malacca
- B. Indus River
- C. Suez Canal
- D. Red Sea
Explanation: The container ship Ever Given blocked the Suez Canal, a crucial route between Asia and Europe.
Correct answer: Suez Canal- A. Qatar
- B. Bangalore
- C. Dubai
- D. None of these
Explanation: Dubai International Airport introduced a smart-reading initiative using digital books and reading facilities, earning it the description…
Correct answer: Dubai- A. Japan
- B. USA
- C. China
- D. Russia
Explanation: China held the world's largest foreign-exchange reserves, far exceeding those of Japan, Russia and the United States.
Correct answer: China- A. Vietnam
- B. Singapore
- C. Malaysia
- D. China
Explanation: Singapore planned a major floating solar farm at the Tengeh Reservoir, described at the time as the world's largest inland floating solar…
Correct answer: Singapore- A. Navigational Issue
- B. High wind & Dust Storm
- C. Technical and Mechanical Issue
- D. None of these
Explanation: The Ever Given became stranded in the Suez Canal during strong winds and a dust or sandstorm, which reduced visibility and made steering…
Correct answer: High wind & Dust Storm- A. Ever Green
- B. Green Bay
- C. Ever Given
- D. Titanic
Explanation: The ship that blocked the Suez Canal was the Ever Given, a large container vessel operated by Evergreen Marine.
Correct answer: Ever Given- A. Japan
- B. USA
- C. China
- D. None of these
Explanation: Japan partnered with Australia in the Hydrogen Energy Supply Chain project, which trialled producing hydrogen from brown coal in Victoria.
Correct answer: Japan- A. China
- B. USA
- C. Russia
- D. Japan
Explanation: Pfizer Inc. is a US pharmaceutical company headquartered in New York. Its COVID-19 vaccine was developed jointly with Germany’s BioNTech…
Correct answer: USA- A. Russia
- B. United states
- C. China
- D. United kingdom
Explanation: The United States placed Myanmar ministries and businesses connected with the military on its trade and sanctions blacklist after the 2021…
Correct answer: United states- A. 2025
- B. 2030
- C. 2040
- D. 2049
Explanation: The Belt and Road Initiative is commonly linked to 2049, the centenary of the founding of the People’s Republic of China.
Correct answer: 2049- A. USA
- B. UK
- C. China
- D. None of these
Explanation: China declared that it had eliminated extreme poverty within its borders in 2020 and announced victory in the campaign in 2021.
Correct answer: China- A. 20%
- B. 60%
- C. 80%
- D. None of these
Explanation: Ships carry roughly 80 percent of world merchandise trade by volume, making maritime transport central to global supply chains.
Correct answer: 80%- A. Larry Page
- B. Sundar Pichai
- C. Sergey Brin
- D. None of these
Explanation: Sundar Pichai has served as Google's CEO since 2015 and also became CEO of Google's parent company, Alphabet, in 2019.
Correct answer: Sundar Pichai- A. Green Peace
- B. United Nations
- C. Oxfam International
- D. None of these
Explanation: Oxfam International published “The Inequality Virus” in January 2021, highlighting how COVID-19 increased economic and social inequality.
Correct answer: Oxfam International- A. World Trade Organization
- B. World Economic Forum
- C. World Health Organisation
- D. World Wildlife Fund
Explanation: The World Economic Forum publishes the annual Global Risks Report, and the 2021 report was its 16th edition.
Correct answer: World Economic Forum- A. Jeff Bezos
- B. Elon Musk
- C. Bill Gates
- D. Bernard Arnault
Explanation: Elon Musk briefly overtook Jeff Bezos as the world’s richest person in January 2021 because Tesla’s rising share price sharply increased…
Correct answer: Elon Musk- A. Japan
- B. Israel
- C. China
- D. None of these
Explanation: The European Union and China reached agreement in principle on the Comprehensive Agreement on Investment in late 2020.
Correct answer: China- A. American
- B. British
- C. German
- D. Russian
Explanation: Pfizer is a U.S.-based pharmaceutical company, although its COVID-19 vaccine was developed jointly with Germany's BioNTech.
Correct answer: American