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 11 of 23
- A. Citi Bank
- B. Deutsche Bank Ltd
- C. Industrial & Commercial Bank of China (ICBC)
- D. Bank of America
Explanation: Industrial and Commercial Bank of China, or ICBC, was the world’s largest bank by total assets around 2020.
Correct answer: Industrial & Commercial Bank of China (ICBC)- A. Iran
- B. Iraq
- C. Turkey
- D. Azerbaijan
Explanation: Turkey announced the discovery of a major gold deposit estimated at about 3.5 million ounces, valued at roughly $6 billion.
Correct answer: Turkey- A. Kuwait
- B. UAE
- C. KSA
- D. Qatar
Explanation: The Hassyan project in the United Arab Emirates was described as the Arab Gulf’s first coal-fired power plant.
Correct answer: UAE- A. Warren Buffet
- B. Jack Maa
- C. Jeff Bezos
- D. Elon Musk
Explanation: Fortune named Elon Musk its 2020 Businessperson of the Year, reflecting Tesla’s rapid growth and his influence in electric vehicles and…
Correct answer: Elon Musk- A. Instagram
- B. Facebook
- C. WhatsApp
- D. None of these
Explanation: Libra was a digital-currency project led by Facebook, later renamed Diem, with participation from other companies.
Correct answer: Facebook- A. Sweden
- B. Japan
- C. Germany
- D. Italy
Explanation: Decreto Flussi is Italy’s annual quota system for admitting non-EU workers through seasonal and non-seasonal work visas.
Correct answer: Italy- A. Regional Commerce & Economic Program
- B. Regional Comprehensive Economic Program
- C. Regional Comprehensive Economic Partnership
- D. None of theseInternational Relations
Explanation: RCEP means Regional Comprehensive Economic Partnership. It is a major Asia-Pacific free-trade agreement involving ASEAN members and their…
Correct answer: Regional Comprehensive Economic Partnership- A. 14th November, 2020
- B. 15th November, 2020
- C. 16th November, 2020
- D. None of these
Explanation: The RCEP agreement was signed on 15 November 2020 during a virtual summit.
Correct answer: 15th November, 2020- A. 10
- B. 15
- C. 20
- D. None of these
Explanation: Fifteen Asia-Pacific countries signed RCEP on 15 November 2020. The signatories included the ten ASEAN states plus China, Japan, South…
Correct answer: 15- A. Brunei
- B. Cambodia
- C. India
- D. Laos
Explanation: India was the only original negotiating country that did not sign RCEP in 2020, citing concerns about imports and trade imbalances.
Correct answer: India211. Which of the following countries has stated that it will achieve zero carbon emissions by 2050?
- A. Japan
- B. USA
- C. Singapore
- D. China
Explanation: Japan announced its target of achieving net-zero greenhouse-gas emissions by 2050.
Correct answer: Japan- A. 75th
- B. 76th
- C. 77th
- D. None
Explanation: The Food and Agriculture Organization was founded in 1945, making World Food Day 2020 its 75th anniversary.
Correct answer: 75th- A. Dubai, UAE
- B. Abu Dhabi, UAE
- C. Barcelona, Spain
- D. None of these
Explanation: The Palm Fountain that set the Guinness World Record was opened at Pointe on Dubai’s Palm Jumeirah.
Correct answer: Dubai, UAE- A. Lee Ma
- B. Suu cha
- C. Lee Kun
- D. Pony Ma
Explanation: Lee Kun-hee, chairman of Samsung Electronics, died on 25 October 2020 at the age of 78.
Correct answer: Lee Kun- A. Amsterdam
- B. Andorra
- C. Mali
- D. sane Mairo
Explanation: Andorra became the International Monetary Fund’s 190th member in October 2020.
Correct answer: Andorra- A. china
- B. USA
- C. Singapore
- D. Norway
Explanation: Singapore was reported as the first country to introduce facial-recognition authentication for tax-related digital services and payments.
Correct answer: Singapore- A. Paris, France
- B. Rome, Italy
- C. New York, USA
- D. Vienna, Austria
Explanation: The World Food Programme is headquartered in Rome, Italy, alongside other major UN food and agriculture institutions.
Correct answer: Rome, Italy- A. Paul R.Milgram
- B. Robert B.Wilson
- C. Both A and B
- D. None of above
Explanation: Paul Milgrom and Robert Wilson jointly received the 2020 Sveriges Riksbank Prize in Economic Sciences for improving auction theory and…
Correct answer: Both A and B- A. 88th
- B. 89th
- C. 90th
- D. None of these
Explanation: Pakistan ranked 88th in the 2020 Global Hunger Index, which classified its hunger situation as serious.
Correct answer: 88th- A. Peace
- B. Chemistry
- C. Physics
- D. Economic Science
Explanation: Milgrom and Wilson won the 2020 Nobel Memorial Prize in Economic Sciences for their contributions to auction theory.
Correct answer: Economic Science