Global Economy 2026 MCQs with Answers and Explanations
Practice Global Economy 2026} MCQs. from Current Affairs subject. with solved answers and explanations. updated syllabus-based questions.
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AI
easy
Question 1: Which South Asian country implemented a mandatory four-day workweek in March 2026 to conserve dwindling oil and energy stockpiles?
To manage the acute fuel shortage caused by the Strait of Hormuz closure, Pakistan introduced a four-day workweek and remote work policies in March 2026.
Pakistan
Energy Conservation
Fuel Crisis
2026 Economy
AI
medium
Question 2: By how much did the price of petrol increase in a single adjustment in Pakistan during March 2026 due to global oil volatility?
On March 8, 2026, Pakistan saw a record-breaking single increase of Rs. 55 per liter in petrol prices, attributed to the Middle East conflict and rising international benchmarks.
Petrol Prices
Pakistan Economy
Inflation
March 2026
AI
hard
Question 3: Goldman Sachs downgraded India's 2026 GDP growth forecast to what percentage in late March 2026, down from an earlier estimate of 7%?
Citing the prolonged disruption of energy trade via the Strait of Hormuz and higher import costs, Goldman Sachs cut India's growth projection to 5.9% in March 2026.
India Gdp
Goldman Sachs
Energy Shock
Economic Forecast
AI
hard
Question 4: Beyond energy, the closure of the Strait of Hormuz has disrupted roughly what percentage of globally traded ammonia-based fertilizer?
The conflict suspended the movement of approximately 30% of globally traded ammonia-based fertilizer, posing a severe threat to South Asian agricultural productivity and food prices.
Fertilizer Crisis
Food Security
Agriculture
Global Trade
AI
medium
Question 5: On March 30, 2026, which measure did the Indian government take regarding diesel excise duties to mitigate the impact of the fuel crisis?
To shield consumers from the energy shock, India lowered the central excise duty on diesel from INR 10 per liter to zero on March 30, 2026.
India Policy
Excise Duty
Diesel Prices
Fuel Subsidies
AI
medium
Question 6: Following the closure of the Strait of Hormuz on March 4, 2026, which major energy company was forced to declare 'force majeure' on all exports?
QatarEnergy declared force majeure in early March 2026 after the maritime blockade made it impossible to ship LNG, causing global spot prices for gas to increase by over 140%.
Qatarenergy
Lng Crisis
Energy Market
Strait Of Hormuz
AI
easy
Question 7: As of late March 2026, the European Central Bank (ECB) identified which 'dual threat' as the reason for cutting GDP growth projections?
The ECB warned that the combination of the Middle East energy shock and manufacturing slowdown was pushing Europe toward a period of 'Stagflation'—high inflation with low growth.
Ecb
Stagflation
Energy Shock
Monetary Policy
AI
medium
Question 8: What historic milestone did Gold prices reach in February 2026 as geopolitical tensions began to mount?
Safe-haven demand pushed Gold prices to a record high of over $5,500 per troy ounce in February 2026, a level not seen since the height of speculative rallies in previous decades.
Gold Prices
Safe Haven
Market Volatility
Commodities
AI
medium
Question 9: In the January 2026 Global Economic Prospects report, what was cited as the 'primary tailwind' that helped the global economy resist early trade tensions?
The World Bank noted that the global economy's resilience in early 2026 was largely due to an unprecedented surge in AI spending and tech-driven productivity gains.
World Bank
Ai Economy
Tech Investment
Gdp Drivers
AI
hard
Question 10: Which major economic legislation in the US provided tax incentives for corporate investment, contributing to the 'US-Europe growth gap' in early 2026?
The IMF's January update highlighted the 'One Big Beautiful Bill Act' (OBBBA) as a key reason for the US's stronger-than-expected growth compared to the Eurozone.
Us Policy
Fiscal Stimulus
Corporate Investment
Obbba
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