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 18 of 23
- A. China
- B. USA
- C. Norway
- D. Hong Kong
Explanation: Hong Kong was widely ranked as the world's freest economy because of its low taxes, open trade regime and limited barriers to business.
Correct answer: Hong Kong- A. America
- B. Japan
- C. China
- D. None of the these
Explanation: China led the world in installed wind-energy capacity in 2019, both onshore and overall.
Correct answer: China- A. Saudi Arabia
- B. Qatar
- C. UAE
- D. None of these
Explanation: Saudi Arabia became the first Arab country to obtain full membership of the Financial Action Task Force in 2019.
Correct answer: Saudi Arabia- A. Hawaii
- B. Facebook
- C. Apple
- D. Samsung
Explanation: Facebook registered a Swiss fintech company called Libra Networks in May 2019 to support its planned digital-currency project.
Correct answer: Facebook- A. Ripple XRP
- B. Bullcoin
- C. Litecoin
- D. Libra
Explanation: Facebook announced Libra as the name of its planned cryptocurrency, intended for launch in 2020.
Correct answer: Libra- A. Ireland
- B. England
- C. Canada
- D. Finland
Explanation: Finland ranked first in the 2019 World Happiness Report for the second consecutive year.
Correct answer: Finland- A. USA
- B. China
- C. Singapore
- D. None of these
Explanation: China’s Xiangmin Liu served as FATF Vice-President for 2018–19, while the United States held the presidency during that period.
Correct answer: China- A. Malaysia
- B. Thailand
- C. Indonesia
- D. Vietnam
Explanation: Malaysia agreed to revive the China-backed East Coast Rail Link after renegotiating its cost and terms with Beijing.
Correct answer: Malaysia- A. Malaysia
- B. India
- C. Singapore
- D. Thailand
Explanation: The US$891 million palm-oil purchase agreements were signed between China and Malaysia in March 2019.
Correct answer: Malaysia- A. South Korea
- B. Pakistan
- C. USA
- D. China
Explanation: South Korea planned the world’s first nationwide 5G network launch in 2019.
Correct answer: South Korea- A. Physics
- B. Chemistry
- C. Economics
- D. Literature
Explanation: The Economics award was added in 1969 as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.
Correct answer: Economics- A. Galkynysh field
- B. South pars field
- C. Urengovy field
- D. None of these.
Explanation: The Turkmenistan-Afghanistan-Pakistan-India pipeline is planned to carry gas from the Galkynysh gas field.
Correct answer: Galkynysh field- A. Karachi
- B. Dubai
- C. Mumbai
- D. None of these
Explanation: Dubai was reported to have opened the world’s largest electronic-waste recycling hub.
Correct answer: Dubai- A. UNDP
- B. IMF
- C. WB
- D. none of these
Explanation: The 2018 Global Multidimensional Poverty Index was released by the UNDP in collaboration with the Oxford Poverty and Human Development…
Correct answer: UNDP- A. Brazil
- B. China
- C. Australia
- D. Russia
Explanation: China has remained the world's leading gold-producing country, ahead of Australia and Russia.
Correct answer: China- A. 80 millions
- B. 300 millions
- C. 250 millions
- D. 320 millions
Explanation: ILO estimates commonly placed the number of working children in developing countries at about 250 million.
Correct answer: 250 millions- A. 0.6%
- B. 0.06%
- C. 1.6%
- D. 1.16%
Explanation: New Zealand’s population was roughly 5 million compared with a world population of about 7.7 billion, making its share approximately 0.06%.
Correct answer: 0.06%- A. Facebook
- B. Google
- C. Yahoo
- D. Twitter
Explanation: The European Commission fined Google €1.49 billion, approximately $1.7 billion, for abusive practices in online advertising…
Correct answer: Google359. Which following country has recently decided to join China's ambitious Belt and Road initiative?
- A. Pakistan
- B. Afghanistan
- C. Egypt
- D. Italy
Explanation: Italy became the first G7 country to formally join China’s Belt and Road Initiative in 2019.
Correct answer: Italy- A. South Africa
- B. South Korea
- C. Germany
- D. Zimbabwe
Explanation: Zimbabwe introduced the RTGS dollar in 2019 as a new local currency within its multi-currency monetary system.
Correct answer: Zimbabwe