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 20 of 23
- A. Germany and France
- B. Japan and South Korea
- C. China and North Korea
- D. UAE and Saudi Arabia
Explanation: Aber was a joint digital-currency initiative of the United Arab Emirates and Saudi Arabia for cross-border payments between their central…
Correct answer: UAE and Saudi Arabia382. Which of the following countries have officially set up a payment channel with Iran called INSTEX?
- A. Italy, Russia and the Netherlands
- B. Brazil, South Africa and Egypt
- C. Saudi Arabia, Denmark and Japan
- D. Germany, France and the UK
Explanation: INSTEX was established by Germany, France and the United Kingdom to facilitate limited non-dollar trade with Iran despite renewed US…
Correct answer: Germany, France and the UK383. Which international organization has prepared the first-ever global report "Future of the Rail"?
- A. IMF
- B. IEA
- C. WHO
- D. None of them
Explanation: The International Energy Agency prepared the first global report titled The Future of Rail, examining rail transport's role in energy use…
Correct answer: IEA- A. Microsoft
- B. Google
- C. Facebook
- D. Twitter
Explanation: Facebook announced a three-year, $300 million investment to support local news, including grants, partnerships and subscriptions.
Correct answer: Facebook- A. 9
- B. 7
- C. 3
- D. 5
Explanation: INSTEX was created by France, Germany and the United Kingdom to facilitate legitimate trade with Iran despite US sanctions, so the number…
Correct answer: 3- A. PEPSI Cola
- B. Diamond Foam
- C. Coca-Cola
- D. FFC
Explanation: Coca-Cola signed a five-year global partnership with the International Cricket Council, extending its association with major international…
Correct answer: Coca-Cola- A. AIIB
- B. WB
- C. IMF
- D. UNFPA
Explanation: The World Economic Outlook is a flagship publication of the International Monetary Fund, containing forecasts and analysis of the global…
Correct answer: IMF- A. Tajikistan
- B. China
- C. Turkey
- D. Japan
Explanation: China agreed to provide Pakistan with a $2.5 billion facility to strengthen its foreign-exchange reserves during a period of…
Correct answer: China- A. USA
- B. China
- C. Germany
- D. Russia
Explanation: China has remained the world's largest crude-steel producer by a wide margin, ahead of the United States, Germany and Russia.
Correct answer: China- A. Twitter
- B. Facebook
- C. Youtube
- D. Instagram
Explanation: Facebook announced a three-year, $300 million investment in journalism-related projects, including support for local news and news…
Correct answer: Facebook- A. Denmark and Germany
- B. France and Italy
- C. UK and Spain
- D. Brazil and Chile
Explanation: The Fehmarn Belt Fixed Link is a planned tunnel between the Danish island of Lolland and Germany’s island of Fehmarn.
Correct answer: Denmark and Germany- A. Malaysia
- B. Singapore
- C. China
- D. UK
Explanation: Singapore introduced a carbon tax from 2019 as part of its strategy to reduce greenhouse-gas emissions.
Correct answer: Singapore- A. Sweden
- B. France
- C. Italy
- D. Germany
Explanation: France introduced a digital-services tax widely called the GAFA tax, named after Google, Apple, Facebook and Amazon.
Correct answer: France- A. India
- B. China
- C. Japan
- D. Canada
Explanation: The agreement was between Japan and the European Union and became the EU-Japan Economic Partnership Agreement.
Correct answer: Japan- A. Argentine
- B. Venezuela
- C. Nigeria
- D. Zimbabwe
Explanation: Venezuela planned to remove five zeros from its currency during its severe hyperinflation, introducing the sovereign bolívar in 2018.
Correct answer: Venezuela- A. Nigeria
- B. Mauritius
- C. Kenya
- D. Morocco
Explanation: Morocco opened the Al Boraq line, Africa's first high-speed railway, linking Tangier with Casablanca.
Correct answer: Morocco- A. Luxembourg
- B. Netherlands
- C. Belgium
- D. Norway
Explanation: Luxembourg became the first country to make all public transport free nationwide, beginning in 2020.
Correct answer: Luxembourg- A. Germany
- B. India
- C. China
- D. USA
Explanation: Chinese scientists developed rewritable paper using a light-sensitive material that could be erased and printed again.
Correct answer: China399. Which country became the world's leading exporter of Liquified Natural Gas (LNG) for the first time?
- A. Australia
- B. Norway
- C. Canada
- D. Russia
Explanation: Australia became the world's leading LNG exporter after expanding production from major gas projects, surpassing Qatar.
Correct answer: Australia- A. USA
- B. Spain
- C. France
- D. Switzerland
Explanation: France planned the GAFA tax on the digital revenues of large technology companies such as Google, Apple, Facebook and Amazon.
Correct answer: France