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 16 of 23
- A. Hong Kong
- B. Singapore
- C. New Zealand
- D. Denmark
Explanation: New Zealand ranked first in the World Bank’s Ease of Doing Business 2019 index, reflecting its efficient regulatory environment for…
Correct answer: New Zealand- A. World Bank
- B. IMF
- C. UNDP
- D. World Economic Forum
Explanation: The World Economic Forum publishes the Global Risks Report, which assesses major economic, geopolitical, social, technological and…
Correct answer: World Economic Forum- A. World Bank
- B. IMF
- C. UNDP
- D. World Economic Forum
Explanation: The IMF publishes the World Economic Outlook, a major report forecasting global growth, inflation, trade and other economic trends.
Correct answer: IMF- A. Facebook
- B. Saudi Aramco
- C. Shell
- D. Coca Cola
Explanation: Saudi Aramco raised about 25.6 billion dollars in its 2019 IPO, surpassing Alibaba's previous record.
Correct answer: Saudi Aramco305. Recently Russia and China launched gas pipeline "Power of Siberia" stretches more than _________ ?
- A. 3,100km (1,874 miles)
- B. 3,000km (1,864 miles)
- C. 4,000km. (2,160 miles)
- D. None of these
Explanation: The Power of Siberia gas pipeline linking Russia and China is approximately 3,968 km long, so it stretches more than 3,000 km.
Correct answer: 3,000km (1,864 miles)- A. Alibaba
- B. Reliance
- C. Saudi Aramco
- D. Amazon
Explanation: Saudi Aramco announced the world's largest-ever IPO and listed shares in December 2019.
Correct answer: Saudi Aramco307. Who is the Current Director of International Monetary Fund's (IMF) Middle East and Central Asia?
- A. Jihad Azour
- B. Rola Rizk
- C. Fouad Siniora
- D. Charles Rizk
Explanation: Jihad Azour is the IMF's Director of the Middle East and Central Asia Department.
Correct answer: Jihad Azour- A. Suhail al-Mazrouei
- B. Mohammad Sanusi Barkindo
- C. Mohammad Bin Salman
- D. Saddam Hussein
Explanation: Mohammad Sanusi Barkindo served as OPEC Secretary General from 2016 until his death in 2022, so he was the incumbent when this 2019…
Correct answer: Mohammad Sanusi Barkindo- A. Iraq
- B. Iran
- C. Saudi Arabia
- D. Qatar
Explanation: Iran announced the discovery of an oil field in Khuzestan containing an estimated 53 billion barrels of crude oil in November 2019.
Correct answer: Iran- A. United States
- B. Russia
- C. Qatar
- D. Saudi Arabia
Explanation: Saudi Arabia committed in 2019 to build an oil refinery at Gwadar as part of its proposed investment in Pakistan.
Correct answer: Saudi Arabia- A. Geneva
- B. New York
- C. Paris
- D. Washington DC
Explanation: The 40th IMFC meeting and the World Bank Group meetings were held in Washington, D.C., the home of both institutions.
Correct answer: Washington DC- A. Cyprus
- B. Lebanon
- C. Israel
- D. None of these
Explanation: Lebanon's proposed levy on internet-based calls, including WhatsApp calls, triggered widespread protests in October 2019.
Correct answer: Lebanon313. Currently, which south american country is facing hyper inflation and shortage of food problem?
- A. Venezuela
- B. Colombia
- C. Paraguay
- D. Uruguay
Explanation: Venezuela was facing extreme hyperinflation, shortages of food and medicine, and a severe economic crisis.
Correct answer: Venezuela314. What is the Pakistan's rank at the 2019 World Economic Forum(WEF) Global Competitiveness Index?
- A. 117th
- B. 110th
- C. 107th
- D. 105th
Explanation: Pakistan ranked 110th out of 141 economies in the World Economic Forum’s 2019 Global Competitiveness Index.
Correct answer: 110th- A. 97th
- B. 94th
- C. 93rd
- D. 84th
Explanation: Pakistan was placed 94th out of 117 countries in the 2019 Global Hunger Index, reflecting a serious hunger situation.
Correct answer: 94th- A. Abhijit Banerjee
- B. Esther Duflo
- C. Michael Kreme
- D. All of these
Explanation: The 2019 Economics Nobel was jointly awarded to Abhijit Banerjee, Esther Duflo and Michael Kremer for their experimental approach to…
Correct answer: All of these- A. Abhijit Banerjee
- B. Esther Duflo
- C. Michael Kremer
- D. All of these
Explanation: Abhijit Banerjee, Esther Duflo and Michael Kremer jointly won the 2019 Economics Nobel for using field experiments to study and alleviate…
Correct answer: All of these318. Which of the following successfully secured the top position in Global Competitiveness Index 2019 ?
- A. USA
- B. UK
- C. China
- D. Singapore
Explanation: Singapore ranked first in the 2019 Global Competitiveness Index, ahead of the United States, Hong Kong and the Netherlands.
Correct answer: Singapore- A. UK
- B. Russia
- C. China
- D. Sweden
Explanation: The United Kingdom launched Operation Matterhorn to bring home stranded Thomas Cook passengers after the company collapsed.
Correct answer: UK- A. Islamabad
- B. Cairo
- C. Geneva
- D. Vienna
Explanation: The WTO hosted the first World Cotton Day in Geneva on 7 October 2019. The event highlighted cotton’s role in trade, development and the…
Correct answer: Geneva