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 8 of 23
- A. India
- B. Pakistan
- C. Afghanistan
- D. Kazakhstan
Explanation: Afghanistan agreed with Tajikistan to import electricity for the following year.
Correct answer: Afghanistan- A. UK
- B. US
- C. China
- D. None of these
Explanation: The company charged over the 2021 California oil spill was Amplify Energy, a United States-based oil company.
Correct answer: US143. Which country is set to issue the world's first sovereign Bitcoin bonds and build Bitcoin City?
- A. Italy
- B. Venezuela
- C. El Salvador
- D. Marshall Islands
Explanation: El Salvador planned to issue Bitcoin-backed sovereign bonds and develop Bitcoin City after adopting Bitcoin as legal tender.
Correct answer: El Salvador144. Which nation's nominal GDP is likely to contract by 20 percent within a year, according to UNDP?
- A. Pakistan
- B. Afghanistan
- C. North Korea
- D. Iran
Explanation: The UNDP warned that Afghanistan's nominal GDP could contract by about 20 percent within a year after the Taliban takeover and the…
Correct answer: Afghanistan- A. Beijing
- B. Kunming
- C. Wuhan
- D. None of these
Explanation: The China-Laos railway links Kunming, the capital of China’s Yunnan province, with Vientiane.
Correct answer: Kunming- A. Japan
- B. China
- C. Qatar
- D. Saudi Arabia
Explanation: Saudi Arabia announced plans for the world’s first nonprofit city as part of its Vision 2030 programme.
Correct answer: Saudi Arabia- A. Bitcoin
- B. Britcoin
- C. Digi Brit
- D. Brit Currency
Explanation: Britcoin was the informal name used for a possible digital pound being explored by the United Kingdom.
Correct answer: Britcoin- A. 1st
- B. 2nd
- C. 3rd
- D. 4th
Explanation: Denmark ranked first in the 2021 TRACE Global Bribery Risk Matrix, indicating the lowest assessed business bribery risk among the…
Correct answer: 1st- A. Dick Costolo
- B. Steve Jobs
- C. Jack Dorsey
- D. None of these
Explanation: Jack Dorsey resigned as Twitter’s chief executive officer in November 2021 and was succeeded by Parag Agrawal.
Correct answer: Jack Dorsey- A. North korea
- B. America
- C. Turkey
- D. Russia
Explanation: Turkey’s lira fell to a record low against the US dollar on 24 November 2021, amid concerns about interest-rate policy and inflation.
Correct answer: Turkey- A. Norway
- B. Greenland
- C. Belgium
- D. None of these
Explanation: Norway launched the Yara Birkeland, widely described as the world’s first fully electric and autonomous container cargo ship.
Correct answer: Norway- A. U.K
- B. Germany
- C. China
- D. Sweden
Explanation: A McKinsey report estimated that China had overtaken the United States in total national wealth.
Correct answer: China- A. China
- B. Japan
- C. India
- D. USA
Explanation: The United States became the 101st member of the International Solar Alliance in November 2021.
Correct answer: USA- A. Sri Lanka
- B. Bangladesh
- C. Myanmar
- D. Turkey
Explanation: The Financial Action Task Force added Turkey to its grey list in October 2021 because of shortcomings in combating money laundering and…
Correct answer: Turkey- A. Social
- B. Security
- C. Economic cooperation
- D. Cyber-Security
Explanation: India, Israel, the UAE and the United States launched the I2U2 grouping to promote economic cooperation, especially in areas such as food…
Correct answer: Economic cooperation- A. Iran
- B. North Korea
- C. India
- D. Israel
Explanation: The International Energy Agency invited India to become a full member as its energy demand and global importance increased.
Correct answer: India- A. Argentina
- B. Venezuela
- C. South Africa
- D. Austria
Explanation: Venezuela introduced a new bolívar in October 2021 by removing six zeros from its currency.
Correct answer: Venezuela- A. China
- B. Denmark
- C. Sweden
- D. None of these
Explanation: Swedish company SSAB produced the first fossil-free steel using hydrogen-based technology under the HYBRIT initiative.
Correct answer: Sweden- A. United Nations Development Programme (UNDP)
- B. International Labour Organisation (ILO)
- C. United Nations Population Fund (UNFPA)
- D. World Bank
Explanation: The International Labour Organization publishes the World Social Protection Report, which assesses global access to pensions, healthcare…
Correct answer: International Labour Organisation (ILO)- A. Muhammad saleh
- B. Zebeullah Mujahid
- C. Haji Muhammad Idris
- D. None of these
Explanation: The Taliban appointed Haji Mohammad Idris as acting governor of Afghanistan’s central bank in August 2021.
Correct answer: Haji Muhammad Idris