Q. In 2022, which country experienced a historic currency collapse, with its currency losing over 90% of its value?
-
A.
Venezuela
-
B.
Turkey
-
C.
Argentina
-
D.
Sri Lanka
Solution
Sri Lanka experienced a historic currency collapse in 2022, with the Sri Lankan rupee losing over 90% of its value.
Correct Answer:
D
— Sri Lanka
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Q. In 2022, which country faced a severe economic crisis leading to protests and a change in government?
-
A.
Sri Lanka
-
B.
Argentina
-
C.
Greece
-
D.
Venezuela
Solution
Sri Lanka faced a severe economic crisis in 2022, leading to widespread protests and the resignation of its president.
Correct Answer:
A
— Sri Lanka
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Q. In 2022, which country faced a severe economic crisis leading to protests and government instability?
-
A.
Sri Lanka
-
B.
Argentina
-
C.
Greece
-
D.
Venezuela
Solution
Sri Lanka faced a severe economic crisis in 2022, leading to widespread protests and government instability.
Correct Answer:
A
— Sri Lanka
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Q. In 2022, which country launched a digital currency called the 'e-krona'?
-
A.
Sweden
-
B.
China
-
C.
Canada
-
D.
Australia
Solution
Sweden began trials for its digital currency, the 'e-krona', in 2022.
Correct Answer:
A
— Sweden
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Q. In 2022, which major financial institution announced plans to cut jobs due to economic uncertainty?
-
A.
Goldman Sachs
-
B.
JP Morgan
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C.
Morgan Stanley
-
D.
Citigroup
Solution
Goldman Sachs announced plans to cut jobs in early 2022 as part of cost-cutting measures amid economic uncertainty.
Correct Answer:
A
— Goldman Sachs
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Q. In 2022, which major financial institution announced plans to cut thousands of jobs amid economic uncertainty?
-
A.
Goldman Sachs
-
B.
JP Morgan Chase
-
C.
Citigroup
-
D.
Bank of America
Solution
Goldman Sachs announced plans to cut around 3,200 jobs in early 2023 due to economic challenges.
Correct Answer:
A
— Goldman Sachs
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Q. In 2023, which country faced a severe banking crisis leading to the collapse of several banks?
-
A.
United States
-
B.
Germany
-
C.
Switzerland
-
D.
Italy
Solution
The United States faced a banking crisis in 2023, leading to the collapse of several banks, including Silicon Valley Bank.
Correct Answer:
A
— United States
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Q. In 2023, which cryptocurrency exchange filed for bankruptcy, marking a significant event in the crypto market?
-
A.
Binance
-
B.
Coinbase
-
C.
FTX
-
D.
Kraken
Solution
FTX filed for bankruptcy in November 2022, which had a major impact on the cryptocurrency market.
Correct Answer:
C
— FTX
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Q. In 2023, which cryptocurrency exchange filed for bankruptcy, marking one of the largest collapses in the crypto industry?
-
A.
Binance
-
B.
Coinbase
-
C.
FTX
-
D.
Kraken
Solution
FTX filed for bankruptcy in November 2022, leading to significant turmoil in the cryptocurrency market.
Correct Answer:
C
— FTX
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Q. What cryptocurrency reached an all-time high of over $60,000 in late 2021?
-
A.
Ethereum
-
B.
Bitcoin
-
C.
Litecoin
-
D.
Ripple
Solution
Bitcoin reached an all-time high of over $60,000 in late 2021.
Correct Answer:
B
— Bitcoin
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Q. What was the main focus of the COP26 climate conference held in 2021 regarding finance?
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A.
Debt relief for developing countries
-
B.
Green finance initiatives
-
C.
Tax reforms
-
D.
Cryptocurrency regulations
Solution
COP26 emphasized green finance initiatives to support sustainable development and combat climate change.
Correct Answer:
B
— Green finance initiatives
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Q. What was the primary focus of the COP26 climate conference held in 2021 regarding finance?
-
A.
Debt relief for developing countries
-
B.
Green finance initiatives
-
C.
Tax reforms
-
D.
Cryptocurrency regulations
Solution
COP26 emphasized the need for green finance initiatives to support climate action and sustainable development.
Correct Answer:
B
— Green finance initiatives
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Q. What was the primary focus of the COP26 climate conference held in 2021?
-
A.
Global warming
-
B.
Biodiversity
-
C.
Ocean pollution
-
D.
Deforestation
Solution
The primary focus of the COP26 climate conference held in 2021 was to address global warming and climate change.
Correct Answer:
A
— Global warming
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Q. What was the primary reason for the global stock market decline in early 2022?
-
A.
COVID-19 resurgence
-
B.
Russia-Ukraine conflict
-
C.
US-China trade tensions
-
D.
Interest rate hikes
Solution
The Russia-Ukraine conflict that began in February 2022 led to significant uncertainty and decline in global stock markets.
Correct Answer:
B
— Russia-Ukraine conflict
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Q. What was the primary reason for the global supply chain crisis that peaked in 2021?
-
A.
Natural disasters
-
B.
COVID-19 pandemic
-
C.
Trade wars
-
D.
Labor strikes
Solution
The COVID-19 pandemic was the primary reason for the global supply chain crisis that peaked in 2021.
Correct Answer:
B
— COVID-19 pandemic
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Q. Which country announced a $1.9 trillion economic stimulus package in early 2021?
-
A.
United States
-
B.
Germany
-
C.
Japan
-
D.
United Kingdom
Solution
The United States announced a $1.9 trillion economic stimulus package in March 2021.
Correct Answer:
A
— United States
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Q. Which country announced a significant increase in its interest rates in 2022 to combat inflation?
-
A.
United States
-
B.
Turkey
-
C.
Brazil
-
D.
India
Solution
The United States Federal Reserve raised interest rates multiple times in 2022 to address rising inflation.
Correct Answer:
A
— United States
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Q. Which country became the first to adopt Bitcoin as legal tender in 2021?
-
A.
El Salvador
-
B.
Japan
-
C.
Switzerland
-
D.
United States
Solution
El Salvador became the first country to adopt Bitcoin as legal tender in September 2021.
Correct Answer:
A
— El Salvador
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Q. Which country introduced a digital currency called the 'e-krona' in 2022 as part of its central bank digital currency initiative?
-
A.
Sweden
-
B.
China
-
C.
Canada
-
D.
Australia
Solution
Sweden's central bank, the Riksbank, has been exploring the e-krona as a digital currency since 2022.
Correct Answer:
A
— Sweden
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Q. Which country launched a digital currency pilot program in 2022, aiming to modernize its financial system?
-
A.
China
-
B.
Sweden
-
C.
United States
-
D.
India
Solution
Sweden launched a pilot program for its digital currency, the e-krona, in 2022 to explore modernizing its financial system.
Correct Answer:
B
— Sweden
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Q. Which country launched a digital currency pilot program in 2022?
-
A.
China
-
B.
United States
-
C.
India
-
D.
Russia
Solution
China launched a digital currency pilot program in 2022 as part of its efforts to promote the digital yuan.
Correct Answer:
A
— China
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Q. Which financial technology company went public through a SPAC merger in 2021, becoming one of the largest fintech IPOs?
-
A.
Robinhood
-
B.
SoFi
-
C.
Plaid
-
D.
Chime
Solution
SoFi went public through a SPAC merger in 2021, marking one of the largest fintech IPOs at that time.
Correct Answer:
B
— SoFi
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Q. Which financial technology company went public through a SPAC merger in 2021?
-
A.
Robinhood
-
B.
Stripe
-
C.
SoFi
-
D.
Square
Solution
SoFi went public through a SPAC merger in 2021.
Correct Answer:
C
— SoFi
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Q. Which major financial institution was fined $2.3 billion in 2022 for its role in the Libor scandal?
-
A.
Deutsche Bank
-
B.
Barclays
-
C.
Wells Fargo
-
D.
HSBC
Solution
Deutsche Bank was fined $2.3 billion in 2022 for its involvement in the Libor scandal.
Correct Answer:
A
— Deutsche Bank
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Q. Which major tech company announced a $10 billion investment in artificial intelligence in 2023?
-
A.
Microsoft
-
B.
Google
-
C.
Apple
-
D.
Amazon
Solution
Microsoft announced a $10 billion investment in artificial intelligence in early 2023.
Correct Answer:
A
— Microsoft
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Q. Which major tech company announced its entry into the financial services sector by launching a buy now, pay later service in 2021?
-
A.
Apple
-
B.
Amazon
-
C.
Google
-
D.
Facebook
Solution
Apple announced its buy now, pay later service in 2021, marking its entry into the financial services sector.
Correct Answer:
A
— Apple
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Q. Which organization projected a global economic growth rate of 2.9% for 2023?
-
A.
World Bank
-
B.
International Monetary Fund
-
C.
OECD
-
D.
Asian Development Bank
Solution
The International Monetary Fund (IMF) projected a global economic growth rate of 2.9% for 2023.
Correct Answer:
B
— International Monetary Fund
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