Economy

Which organization publishes the annual "World Economic Outlook" report?

A World Bank
B IMF
C WTO
D OECD

The headquarters of the World Bank is located in?

A New York
B Geneva
C Washington D.C.
D Paris

Which institution is known as the "lender of last resort" at the global level?

A World Bank
B IMF
C ADB
D BIS

The World Trade Organization (WTO) was established in the year?

A 1991
B 1995
C 1998
D 2000

WTO succeeded which earlier agreement?

A Bretton Woods Agreement
B GATT
C Marshall Plan
D Kyoto Protocol

The Bretton Woods Conference took place in the year?

A 1942
B 1944
C 1947
D 1950

Which twin institutions were created at the Bretton Woods Conference?

A IMF and World Bank
B WTO and IMF
C UN and World Bank
D OECD and IMF

SDR stands for?

A Special Drawing Rights
B Standard Development Ratio
C Selective Debt Reduction
D Special Development Reserve

Which country has the largest share of voting rights in the IMF?

A China
B Japan
C USA
D Germany

The World Economic Forum's annual meeting is held at?

A Geneva
B Davos
C Zurich
D Bern

OPEC stands for?

A Organization of Petroleum Exporting Countries
B Organization for Public Economic Cooperation
C Overseas Petroleum Export Council
D Oil Producers Economic Community

OPEC headquarters is located in?

A Riyadh
B Vienna
C Dubai
D Doha

The G7 group consists of how many major economies?

A 5
B 7
C 8
D 9

Which of the following is NOT a G7 member?

A Canada
B Italy
C China
D Japan

BRICS originally stood for Brazil, Russia, India, China and which country?

A South Africa
B South Korea
C Saudi Arabia
D Singapore

The New Development Bank (NDB) was established by?

A G7
B BRICS
C ASEAN
D OECD

The concept of GDP measures?

A Total income of citizens abroad
B Value of goods and services produced within a country's borders
C Total exports only
D Total government spending only

GNP differs from GDP by including?

A Net factor income from abroad
B Government subsidies
C Foreign direct investment
D Import duties

Purchasing Power Parity (PPP) is used to compare?

A Military strength
B Real value/standard of living across countries
C Population growth
D Literacy rates

Which country currently has the largest economy by nominal GDP?

A China
B USA
C Japan
D Germany

The term "stagflation" refers to a combination of?

A High growth and low inflation
B Stagnant growth and high inflation
C High growth and high unemployment
D Deflation and high growth

The Great Depression began in the year?

A 1919
B 1929
C 1939
D 1945

The Marshall Plan was aimed at?

A Rebuilding Europe after WWII
B Ending the Cold War
C Establishing the UN
D Creating the Euro

Who wrote "The Wealth of Nations", a foundational text of classical economics?

A Karl Marx
B Adam Smith
C John Maynard Keynes
D David Ricardo

Keynesian economics primarily emphasizes?

A Complete free markets with no government role
B Government intervention to manage demand
C Abolition of currency
D Barter system revival