FIA Economy & Finance Current Affairs MCQs (1-100)

  1. The International Monetary Fund (IMF) was established in:
    A) 1944
    B) 1950
    C) 1939
    D) 1960
    Answer: A
  2. The headquarters of the World Bank is located in:
    A) London
    B) Paris
    C) Washington D.C.
    D) Geneva
    Answer: C
  3. Which country introduced the digital currency “eNaira”?
    A) China
    B) Nigeria
    C) India
    D) Brazil
    Answer: B
  4. The BRICS New Development Bank is headquartered in:
    A) Moscow
    B) Beijing
    C) Shanghai
    D) New Delhi
    Answer: C
  5. Which organization releases the Global Economic Prospects report?
    A) IMF
    B) WTO
    C) World Bank
    D) OECD
    Answer: C
  6. FATF stands for:
    A) Financial Action Task Force
    B) Federal Audit Trade Forum
    C) Fiscal Administration Tax Fund
    D) Finance and Trade Federation
    Answer: A
  7. Which country became the first to adopt Bitcoin as legal tender in 2021?
    A) Venezuela
    B) El Salvador
    C) Argentina
    D) Cuba
    Answer: B
  8. The currency of Saudi Arabia is:
    A) Dinar
    B) Riyal
    C) Dirham
    D) Pound
    Answer: B
  9. Which institution publishes the World Economic Outlook report?
    A) IMF
    B) WTO
    C) UNDP
    D) ADB
    Answer: A
  10. The Asian Infrastructure Investment Bank (AIIB) was initiated by:
    A) Japan
    B) India
    C) China
    D) Russia
    Answer: C
  11. SDR in international finance stands for:
    A) Special Debt Reserve
    B) Standard Dollar Rate
    C) Special Drawing Rights
    D) Sovereign Deposit Ratio
    Answer: C
  12. The headquarters of the Asian Development Bank is located in:
    A) Manila
    B) Tokyo
    C) Beijing
    D) Jakarta
    Answer: A
  13. Which country launched the “Digital Yuan”?
    A) Japan
    B) China
    C) Singapore
    D) South Korea
    Answer: B
  14. The WTO officially came into existence in:
    A) 1989
    B) 1995
    C) 2001
    D) 1975
    Answer: B
  15. Inflation refers to:
    A) Rise in unemployment
    B) Fall in prices
    C) General increase in prices
    D) Increase in exports
    Answer: C
  16. Which country has the largest economy in the world by nominal GDP?
    A) China
    B) Japan
    C) Germany
    D) United States
    Answer: D
  17. The euro currency was introduced in:
    A) 1995
    B) 1999
    C) 2005
    D) 1990
    Answer: B
  18. OPEC mainly deals with:
    A) Agriculture
    B) Oil production
    C) Tourism
    D) Banking
    Answer: B
  19. Which organization monitors global trade rules?
    A) IMF
    B) WTO
    C) ADB
    D) OPEC
    Answer: B
  20. The headquarters of OPEC is located in:
    A) Riyadh
    B) Abu Dhabi
    C) Vienna
    D) Doha
    Answer: C
  21. GDP stands for:
    A) Gross Domestic Product
    B) General Development Plan
    C) Gross Demand Policy
    D) Global Domestic Price
    Answer: A
  22. Which country is known for the world’s largest sovereign wealth fund?
    A) Norway
    B) UAE
    C) Saudi Arabia
    D) Qatar
    Answer: A
  23. The World Trade Organization replaced:
    A) IMF
    B) GATT
    C) ASEAN
    D) APEC
    Answer: B
  24. Cryptocurrency operates mainly on:
    A) Blockchain technology
    B) Cloud storage
    C) Central banking
    D) Satellite systems
    Answer: A
  25. The currency used in Japan is:
    A) Yuan
    B) Won
    C) Yen
    D) Ringgit
    Answer: C
  26. Which country hosts the Davos World Economic Forum meetings?
    A) France
    B) Switzerland
    C) Germany
    D) Sweden
    Answer: B
  27. Recession means:
    A) Rise in exports
    B) Decline in economic activity
    C) Increase in inflation
    D) Currency appreciation
    Answer: B
  28. Which central bank controls the Eurozone monetary policy?
    A) Bank of England
    B) Federal Reserve
    C) European Central Bank
    D) Swiss National Bank
    Answer: C
  29. The Federal Reserve is the central bank of:
    A) Canada
    B) United Kingdom
    C) United States
    D) Australia
    Answer: C
  30. Which country is the largest exporter of oil globally?
    A) Russia
    B) Saudi Arabia
    C) UAE
    D) Iraq
    Answer: B
  31. The Belt and Road Initiative was launched by:
    A) India
    B) Russia
    C) China
    D) Japan
    Answer: C
  32. Which country recently joined BRICS in 2024?
    A) Egypt
    B) Nepal
    C) Thailand
    D) تركيا
    Answer: A
  33. The term “stagflation” refers to:
    A) High growth with inflation
    B) Low inflation with growth
    C) Inflation with stagnant growth
    D) Currency depreciation
    Answer: C
  34. Which country has the highest foreign exchange reserves in the world?
    A) Japan
    B) China
    C) India
    D) Germany
    Answer: B
  35. The IMF provides mainly:
    A) Military aid
    B) Development loans
    C) Financial assistance
    D) Food supplies
    Answer: C
  36. Which global institution publishes the Ease of Doing Business rankings formerly?
    A) IMF
    B) World Bank
    C) WTO
    D) OECD
    Answer: B
  37. The currency of the United Kingdom is:
    A) Euro
    B) Pound Sterling
    C) Dollar
    D) Franc
    Answer: B
  38. ASEAN stands for:
    A) Asian Economic Alliance System and Nations
    B) Association of Southeast Asian Nations
    C) American Southeast Economic Network
    D) Asian Security and Economic Nations
    Answer: B
  39. Quantitative easing is related to:
    A) Tax collection
    B) Monetary policy
    C) Trade tariffs
    D) Foreign aid
    Answer: B
  40. The headquarters of the IMF is in:
    A) Washington D.C.
    B) Geneva
    C) Paris
    D) Brussels
    Answer: A
  41. Which country is known as the manufacturing hub of the world?
    A) Germany
    B) China
    C) Japan
    D) India
    Answer: B
  42. Which organization releases the Global Risks Report?
    A) WTO
    B) IMF
    C) World Economic Forum
    D) ADB
    Answer: C
  43. The main objective of central banks is to:
    A) Conduct elections
    B) Maintain monetary stability
    C) Build roads
    D) Promote tourism
    Answer: B
  44. Which country is the largest producer of gold?
    A) Australia
    B) China
    C) Russia
    D) Canada
    Answer: B
  45. The term “bear market” refers to:
    A) Rising stock prices
    B) Falling stock prices
    C) Stable markets
    D) Currency crisis
    Answer: B
  46. Which country has the world’s largest stock exchange by market capitalization?
    A) China
    B) Japan
    C) United States
    D) India
    Answer: C
  47. The Shanghai Cooperation Organization mainly includes countries from:
    A) Europe
    B) South America
    C) Eurasia
    D) Africa
    Answer: C
  48. Which country introduced GST nationwide in 2017?
    A) Pakistan
    B) India
    C) Bangladesh
    D) Nepal
    Answer: B
  49. The African Development Bank is headquartered in:
    A) Nairobi
    B) Lagos
    C) Abidjan
    D) Cairo
    Answer: C
  50. Which country is the largest economy in Europe?
    A) France
    B) Germany
    C) Italy
    D) Spain
    Answer: B
  51. The term “fiscal deficit” refers to:
    A) Export surplus
    B) Government spending exceeding revenue
    C) Currency appreciation
    D) Bank reserves
    Answer: B
  52. Which country is famous for the “Vision 2030” economic reform plan?
    A) UAE
    B) Saudi Arabia
    C) Qatar
    D) Oman
    Answer: B
  53. The headquarters of the Bank for International Settlements is in:
    A) Zurich
    B) Basel
    C) Geneva
    D) Vienna
    Answer: B
  54. Which organization fights money laundering globally?
    A) IMF
    B) FATF
    C) WTO
    D) SCO
    Answer: B
  55. Which country became the world’s fifth-largest economy recently?
    A) Germany
    B) India
    C) Brazil
    D) France
    Answer: B
  56. The currency of China is:
    A) Yen
    B) Yuan
    C) Won
    D) Ringgit
    Answer: B
  57. Which economic term means a continuous fall in prices?
    A) Inflation
    B) Recession
    C) Deflation
    D) Stagflation
    Answer: C
  58. Which organization regulates international aviation economics and standards?
    A) ICAO
    B) IMF
    C) WTO
    D) OPEC
    Answer: A
  59. Which country is the largest importer of crude oil?
    A) India
    B) China
    C) Japan
    D) Germany
    Answer: B
  60. The G20 is primarily a forum for:
    A) Military cooperation
    B) Economic cooperation
    C) Cultural exchange
    D) Sports diplomacy
    Answer: B
  61. Which country hosts the headquarters of the WTO?
    A) Switzerland
    B) France
    C) Belgium
    D) Austria
    Answer: A
  62. Which digital asset is the first cryptocurrency?
    A) Ethereum
    B) Ripple
    C) Bitcoin
    D) Litecoin
    Answer: C
  63. Which country is known for the NASDAQ stock exchange?
    A) UK
    B) USA
    C) Japan
    D) Germany
    Answer: B
  64. The Paris Club deals with:
    A) Climate change
    B) Trade agreements
    C) Sovereign debt issues
    D) Oil exports
    Answer: C
  65. Which country recently overtook Japan as the third-largest economy by purchasing power parity trends?
    A) India
    B) Germany
    C) Brazil
    D) Russia
    Answer: A
  66. The term “bull market” indicates:
    A) Falling economy
    B) Rising stock prices
    C) Currency crisis
    D) Banking collapse
    Answer: B
  67. Which country is the largest producer of crude oil in recent years?
    A) USA
    B) Saudi Arabia
    C) Russia
    D) Iraq
    Answer: A
  68. SWIFT is mainly related to:
    A) Air transport
    B) International banking transactions
    C) Oil exports
    D) Shipping trade
    Answer: B
  69. Which country introduced a carbon tax first?
    A) Sweden
    B) China
    C) India
    D) Brazil
    Answer: A
  70. The headquarters of the European Central Bank is in:
    A) Paris
    B) Frankfurt
    C) Rome
    D) Madrid
    Answer: B
  71. Which country is known for Silicon Valley?
    A) Japan
    B) USA
    C) Germany
    D) South Korea
    Answer: B
  72. Which organization publishes the Human Development Index?
    A) IMF
    B) UNDP
    C) WTO
    D) OECD
    Answer: B
  73. The “Great Resignation” term became popular after:
    A) 2008 crisis
    B) COVID-19 pandemic
    C) Gulf War
    D) Brexit
    Answer: B
  74. Which country has the highest public debt in the world relative to GDP?
    A) USA
    B) Japan
    C) Italy
    D) Greece
    Answer: B
  75. Which economic bloc uses the euro currency?
    A) ASEAN
    B) GCC
    C) Eurozone
    D) NAFTA
    Answer: C
  76. Which country is home to the cryptocurrency exchange Binance originally?
    A) China
    B) Malta
    C) Canada
    D) Japan
    Answer: B
  77. Which institution provides loans mainly for development projects?
    A) WTO
    B) World Bank
    C) OPEC
    D) NATO
    Answer: B
  78. Which country is the largest economy in Africa?
    A) South Africa
    B) Egypt
    C) Nigeria
    D) Algeria
    Answer: C
  79. The “Silk Road Fund” is associated with:
    A) India
    B) Russia
    C) China
    D) Turkey
    Answer: C
  80. Which country recently experienced hyperinflation crises frequently?
    A) Venezuela
    B) Canada
    C) Norway
    D) Australia
    Answer: A
  81. The term “GDP per capita” measures:
    A) Export volume
    B) Average income per person
    C) Inflation rate
    D) Government debt
    Answer: B
  82. Which country is the largest exporter of natural gas?
    A) Qatar
    B) Russia
    C) USA
    D) Norway
    Answer: C
  83. Which international institution is known as the lender of last resort?
    A) WTO
    B) IMF
    C) ADB
    D) AIIB
    Answer: B
  84. Which country has the world’s largest population currently?
    A) China
    B) India
    C) USA
    D) Indonesia
    Answer: B
  85. Which country is famous for the “Petrodollar” system?
    A) Saudi Arabia
    B) Iran
    C) Iraq
    D) Kuwait
    Answer: A
  86. Which city is regarded as a global financial center in Asia?
    A) Karachi
    B) Bangkok
    C) Singapore
    D) Kathmandu
    Answer: C
  87. The BRICS group originally included all except:
    A) Brazil
    B) Russia
    C) South Africa
    D) Saudi Arabia
    Answer: D
  88. Which country has the largest proven oil reserves?
    A) Saudi Arabia
    B) Venezuela
    C) Russia
    D) Iran
    Answer: B
  89. The headquarters of ASEAN is in:
    A) Bangkok
    B) Jakarta
    C) Kuala Lumpur
    D) Manila
    Answer: B
  90. Which country launched the Unified Payments Interface (UPI)?
    A) Pakistan
    B) India
    C) China
    D) UAE
    Answer: B
  91. Which term describes a sharp fall in currency value?
    A) Appreciation
    B) Devaluation
    C) Inflation
    D) Expansion
    Answer: B
  92. Which country has the largest economy in South America?
    A) Argentina
    B) Chile
    C) Brazil
    D) Peru
    Answer: C
  93. The “Blue Economy” mainly relates to:
    A) Space industry
    B) Ocean-based economic activities
    C) Banking reforms
    D) Textile exports
    Answer: B
  94. Which country is the headquarters of the AIIB?
    A) India
    B) China
    C) Japan
    D) Singapore
    Answer: B
  95. Which organization publishes the Global Competitiveness Report?
    A) IMF
    B) World Economic Forum
    C) WTO
    D) OECD
    Answer: B
  96. Which country is famous for the sovereign wealth fund “PIF”?
    A) Qatar
    B) Saudi Arabia
    C) UAE
    D) Norway
    Answer: B
  97. Which country became a member of BRICS in 2024?
    A) Ethiopia
    B) Nepal
    C) Sri Lanka
    D) Malaysia
    Answer: A
  98. Which global crisis triggered major inflation worldwide in 2022?
    A) Asian Financial Crisis
    B) COVID-19 pandemic and Ukraine war
    C) Brexit
    D) Dot-com bubble
    Answer: B
  99. Which country is the largest trading partner of many African nations?
    A) USA
    B) China
    C) India
    D) France
    Answer: B
  100. The term “green economy” refers to:
    A) Oil-based economy
    B) Military economy
    C) Environmentally sustainable economy
    D) Tourism economy
    Answer: C
FIA Economy & Finance Current Affairs MCQs (101-200)
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