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 3 of 23
- A. Indonesia
- B. Iran
- C. Angola
- D. Ecuador
Explanation: Angola left OPEC effective 1 January 2024, citing disagreements over its oil-production quota.
Correct answer: Angola- A. South Carolina
- B. Georgia
- C. Vermont
- D. Alaska
Explanation: Vermont became the first U.S. state to enact a law requiring major fossil-fuel companies to contribute toward climate-related damage.
Correct answer: Vermont- A. 10 years
- B. 15 years
- C. 20 years
- D. 25 years
Explanation: India and Iran signed a 10-year contract under which India would operate the Shahid-Behesti terminal at Chabahar Port.
Correct answer: 10 years- A. China
- B. Pakistan
- C. India
- D. None of these.
Explanation: India secured the 10-year operating agreement for Iran's Chabahar Port.
Correct answer: India- A. $75 million
- B. $200 million
- C. $544 million
- D. $2 billion
Explanation: The UAE announced 2 billion dirhams, approximately $544 million, to repair homes of Emirati families affected by the record-breaking…
Correct answer: $544 million- A. Pakistan
- B. Afghanistan
- C. Ukraine
- D. South Africa
Explanation: The IMF approved a multi-billion-dollar Extended Fund Facility for Ukraine in March 2023 to support its economy during the war.
Correct answer: Ukraine47. The WTO's 13th Ministerial Conference ( MC 13) took place from 26 to 29 February ,2024 in _________?
- A. Ashgabat
- B. Doha
- C. Abu Dhabi
- D. Riyadh
Explanation: The WTO's 13th Ministerial Conference was held in Abu Dhabi, United Arab Emirates, from 26 February to 2 March 2024.
Correct answer: Abu Dhabi- A. Reshaping world
- B. Boast trust
- C. Rebuild trust
- D. Rebuilding trust
Explanation: The World Economic Forum's 2024 annual meeting in Davos used the theme “Rebuilding Trust.” The phrase focused on restoring confidence in…
Correct answer: Rebuilding trust- A. Russia
- B. UAE
- C. China
- D. USA
Explanation: The UAE introduced EcoMark at the World Economic Forum in Davos as a green accreditation framework intended to help MSMEs demonstrate…
Correct answer: UAE- A. 1 trillion$
- B. 2.5 trillion$
- C. 1.5 trillion$
- D. 1.24 trillion $
Explanation: A World Economic Forum report estimated that closing the women's health gap could add at least 1 trillion dollars to the global economy…
Correct answer: 1 trillion$- A. 27 Oct 2023
- B. 27 Aug 2023
- C. 27 July 2023
- D. None of these
Explanation: The Lobito Corridor agreement involving the United States, Angola, the Democratic Republic of the Congo and Zambia was reported on 27…
Correct answer: 27 Oct 2023- A. Ajay Banga
- B. David R. Malpass
- C. Kristalina Logade
- D. Xi Jingping
Explanation: Ajay Banga became World Bank president in June 2023, succeeding David Malpass.
Correct answer: Ajay Banga- A. USA
- B. Japan
- C. China
- D. The Netherlands
Explanation: China dominates the global supply chains for gallium and germanium, both critical minerals used in semiconductors and other…
Correct answer: China- A. Bahrain
- B. Qatar
- C. Oman
- D. Kuwait
Explanation: Oman has pursued diversification into sectors such as logistics, tourism, fisheries, mining and manufacturing to reduce dependence on…
Correct answer: Oman- A. Producer of computer memory and computer data storage
- B. Producer of parts for modern Tesla vehicles
- C. Producer of technology for fifth generation UAVs
- D. Producer of tactical nuclear weapons and ammunitions
Explanation: Micron Technology manufactures semiconductor memory and data-storage products, including DRAM and NAND technologies.
Correct answer: Producer of computer memory and computer data storage56. The longest EU-funded underwater tunnel in Europe opened in Poland will connect which two islands?
- A. Usedom and Wolin
- B. Ostro and Konski
- C. Port and Chelminek
- D. Olowianka and Karsibor
Explanation: The Świnoujście underwater tunnel links the islands of Usedom and Wolin in north-western Poland.
Correct answer: Usedom and Wolin- A. Germany
- B. Belgium
- C. Finland
- D. Poland
Explanation: The EU-funded underwater tunnel opened in Świnoujście, Poland, in 2023.
Correct answer: Poland- A. G-20
- B. G-7
- C. European Union
- D. Asean
Explanation: The Markets in Crypto-Assets, or MiCA, framework was approved by the European Union to regulate crypto-asset issuers and service providers…
Correct answer: European Union- A. Israel
- B. Uk
- C. UAE
- D. Brazil
Explanation: The United Kingdom agreed to join the CPTPP in 2023, becoming the first new member after the agreement was created from the original…
Correct answer: Uk- A. Linda Yaccarino
- B. Jack Dorsey
- C. Elon musk
- D. None of these
Explanation: Linda Yaccarino became Twitter's chief executive in June 2023, succeeding Elon Musk, who remained the owner.
Correct answer: Linda Yaccarino