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 7 of 23
- A. Monaco
- B. Malta
- C. Croatia
- D. Luxembourg
Explanation: Croatia became the 20th country to adopt the euro, entering the euro area on 1 January 2023.
Correct answer: Croatia- A. Australia
- B. Israel
- C. Italy
- D. None of These
Explanation: Israel and the UAE signed a comprehensive economic partnership agreement, effectively a free-trade agreement, in 2022.
Correct answer: Israel- A. Tobacco: A Threat to our Humanity
- B. Tobacco: A Threat to our Environment
- C. Tobacco: A Threat to Health
- D. None of These
Explanation: The 2022 World No Tobacco Day theme was “Tobacco: A Threat to our Environment,” linking tobacco production and waste with environmental…
Correct answer: Tobacco: A Threat to our Environment- A. United States
- B. China
- C. Russia
- D. Venezuela
Explanation: Venezuela has the world’s largest proven crude-oil reserves, although sanctions, economic problems and limited production reduce its…
Correct answer: Venezuela- A. PAKISTAN
- B. USA
- C. RUSSIA
- D. INDIA
Explanation: Turkey sought wheat from India in 2022 as the Ukraine war disrupted global grain supplies.
Correct answer: INDIA- A. Bill Gates
- B. Elon Musk
- C. Mark Zuckerberg
- D. Jeff Bezos
Explanation: Elon Musk agreed to acquire Twitter in April 2022 for approximately 44 billion US dollars.
Correct answer: Elon Musk- A. 44bn
- B. 34bn
- C. 54bn
- D. 44mn
Explanation: Musk’s agreed purchase price for Twitter was 44 billion US dollars, commonly abbreviated as 44bn.
Correct answer: 44bn- A. September 30, 2005
- B. March 21, 2006
- C. January 1, 2007
- D. August 15, 2008
Explanation: Twitter was founded in 2006, with its creation commonly dated to 21 March, when the first tweet was posted.
Correct answer: March 21, 2006- A. Bank of Lebanon
- B. Central bank of lebanon
- C. Banque du Liban
- D. Banque al-fah of liban
Explanation: Banque du Liban is the French name and official title of Lebanon’s central bank.
Correct answer: Banque du Liban- A. lebanon
- B. Lithunia
- C. Latvia
- D. Estonia
Explanation: Lebanon was widely described as effectively bankrupt during its 2022 financial crisis after sovereign default, banking collapse and severe…
Correct answer: lebanon- A. political irregularities.
- B. Shortage of exporting.
- C. Shortage of Food and Fuel.
- D. Shortage of foreign currency.
Explanation: Sri Lanka’s immediate crisis was a shortage of foreign currency, which restricted imports of fuel, food and medicines and contributed to…
Correct answer: Shortage of foreign currency.- A. China Telcom
- B. China Unicom
- C. Pacific Network Corp.
- D. None of these
Explanation: The US Federal Communications Commission revoked the authorisation of Pacific Networks and its wholly owned subsidiary ComNet in March…
Correct answer: Pacific Network Corp.133. Which Country for the first time decide to use Yuan instead of dollars from its foreign reserves.
- A. China
- B. Pakistan
- C. Russia
- D. North Korea
Explanation: Russia began relying on the Chinese yuan as part of its foreign-exchange reserves after Western sanctions restricted access to dollar and…
Correct answer: Russia- A. First Tranche
- B. first Avelanche
- C. First lanches
- D. None of these
Explanation: The initial US restrictions on Russia’s ability to raise sovereign debt were described as the first tranche of sanctions.
Correct answer: First Tranche- A. $3.5 bn
- B. $4.5 bn
- C. $7 bn
- D. $9 bn
Explanation: The United States set aside $3.5 billion of Afghanistan’s frozen central-bank reserves for humanitarian purposes, while the remaining…
Correct answer: $3.5 bn- A. 2018-2027
- B. 2019-2028
- C. 2020-2030
- D. None of these
Explanation: The UN's third decade for the eradication of poverty covers 2018 to 2027.
Correct answer: 2018-2027- A. Argentina
- B. Brazil
- C. Peru
- D. Columbia
Explanation: Argentina reached an agreement in principle with the IMF over restructuring approximately $44 billion in debt.
Correct answer: Argentina- A. India
- B. China
- C. USA
- D. Japan
Explanation: Sri Lanka asked China to restructure its debt repayments as the country faced a severe foreign-exchange and economic crisis.
Correct answer: China- A. Abdalla Salem El-Badri
- B. Fuad Rouhani
- C. Haitham Al-Ghais
- D. None of these
Explanation: Kuwaiti official Haitham Al-Ghais was selected to succeed Mohammad Sanusi Barkindo as OPEC Secretary-General from August 2022.
Correct answer: Haitham Al-Ghais- A. Microsoft
- B. Meta
- C. Apple
- D. Saudi Aramco
Explanation: Apple became the first publicly traded company to reach a market value of $3 trillion on 3 January 2022, based on its share price.
Correct answer: Apple