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 2 of 23
- A. 6th October
- B. 7th October
- C. 8th October
- D. 9th October
Explanation: World Cotton Day is observed on 7 October, recognising cotton’s importance to livelihoods, trade and economic development, especially in…
Correct answer: 7th October- A. Steve Jobs
- B. Bill Gates
- C. Elon Musk
- D. Mark Zuckerberg
Explanation: Mark Zuckerberg became the youngest person to reach a net worth of $200 billion, driven largely by the rise in Meta’s share price.
Correct answer: Mark Zuckerberg- A. The USA
- B. The UK
- C. Japan
- D. Canada
Explanation: The United Kingdom closed its last coal-fired power station, Ratcliffe-on-Soar, on 30 September 2024.
Correct answer: The UK- A. Sept 29-30, 2024
- B. Oct 29-31, 2024
- C. Nov 29-30, 2024
- D. Dec 29-31, 2024
Explanation: The eighth Future Investment Initiative conference was held in Riyadh from 29 to 31 October 2024.
Correct answer: Oct 29-31, 2024- A. Huawei
- B. iPhone
- C. Nokia
- D. Samsung
Explanation: Huawei launched the Mate XT, the world’s first commercially available tri-folding smartphone, in September 2024.
Correct answer: Huawei- A. Nuclear Power Cooperation of India
- B. Pakistan Atomic Energy Agency
- C. China Atomic Energy Authority
- D. The United States Nuclear Regulatory Commission
Explanation: The Emirates Nuclear Energy Company signed the agreement with India’s Nuclear Power Corporation of India Limited, commonly abbreviated as…
Correct answer: Nuclear Power Cooperation of India- A. Bahrain
- B. Botswana
- C. Egypt
- D. Canada
Explanation: The Karowe Diamond Mine is in Botswana, where it has produced several exceptionally large, high-quality diamonds.
Correct answer: Botswana- A. Kazakhstan
- B. Uzbekistan
- C. Tajikistan
- D. Azerbaijan
Explanation: Azerbaijan announced the Climate Finance Action Fund in connection with its COP29 presidency.
Correct answer: Azerbaijan- A. India
- B. China
- C. Japan
- D. France
Explanation: Researchers in France reported that zinc is important in the nitrogen-fixation process of legumes, which helps these plants convert…
Correct answer: France- A. Env-Milk
- B. Climate-Friendly Milk
- C. Eco-Milk
- D. Natural-Milk
Explanation: Eco-Milk was marketed in Tasmania as milk from cows fed seaweed, which can reduce methane emissions from cattle.
Correct answer: Eco-Milk- A. Sweden
- B. Norway
- C. Denmark
- D. Belarus
Explanation: Denmark approved the world’s first national livestock emissions tax, scheduled to begin in 2030, targeting methane and other agricultural…
Correct answer: Denmark- A. Abu Dhabi
- B. Tokyo
- C. Beijing
- D. New York
Explanation: The 16th World Future Energy Summit was held in Abu Dhabi, a major hub for renewable-energy and sustainability initiatives.
Correct answer: Abu Dhabi- A. South Korea
- B. Australia
- C. Japan
- D. Qatar
Explanation: Japan issued redesigned banknotes in 2024 featuring advanced three-dimensional holograms to make counterfeiting more difficult.
Correct answer: Japan- A. Angus Deaton
- B. Jean Tirole
- C. Patrick Modiano
- D. Arthur B. McDonald
Explanation: Angus Deaton won the 2015 Sveriges Riksbank Prize in Economic Sciences for his analysis of consumption, poverty and welfare.
Correct answer: Angus Deaton- A. Haiti and Yemen
- B. Monaco and venezuela
- C. Jamaica and Turkiye
- D. Burkina faso and yemen
Explanation: Jamaica and Türkiye were removed from the FATF increased-monitoring, or Grey, List in June 2024.
Correct answer: Jamaica and Turkiye- A. 3 Years
- B. 4 Years
- C. 5 Years
- D. 6 Years
Explanation: The Asian Infrastructure Investment Bank’s president serves a five-year term, subject to the institution’s governing arrangements.
Correct answer: 5 Years- A. 40
- B. 29
- C. 57
- D. 37Geographic Reference
Explanation: The AIIB began with 57 founding members, although its membership later expanded to 109.
Correct answer: 57- A. China
- B. Japan
- C. South Korea
- D. Philippines
Explanation: Masatsugu Asakawa is Japanese. He served as President of the Asian Development Bank, which is headquartered in Manila but was led by a…
Correct answer: Japan- A. Muhammad Albakri
- B. Tony Concil
- C. Willie Walsh
- D. Nick Careen
Explanation: Willie Walsh is the Director General of IATA, the global association representing airlines.
Correct answer: Willie Walsh- A. $700 million
- B. $731 million
- C. $800 million
- D. $631 million
Explanation: IATA reported that Pakistan and Bangladesh together accounted for $731 million of the $1.8 billion in blocked airline funds worldwide.
Correct answer: $731 million