The World Economic Forum (WEF) was founded in which year?
a) 1945
b) 1971
c) 1985
d) 1992
Where is the headquarters of the World Economic Forum (WEF) located?
a) Geneva, Switzerland
b) Davos, Switzerland
c) Paris, France
d) Washington, D.C., USA
Which annual meeting is hosted by the World Economic Forum (WEF)?
a) G7 Summit
b) UN General Assembly
c) Davos Summit
d) World Trade Conference
Who is the founder of the World Economic Forum (WEF)?
a) Milton Friedman
b) Klaus Schwab
c) Jeffrey Sachs
d) Paul Krugman
Which major theme is frequently discussed at the World Economic Forum (WEF)?
a) Climate Change
b) Space Exploration
c) Military Alliances
d) Sports Events
Which economic measure does the WEF use to assess global competitiveness?
a) Global Competitiveness Index (GCI)
b) Human Development Index (HDI)
c) Gross Domestic Product (GDP)
d) Purchasing Power Parity (PPP)
What is the key focus of the WEF’s “Great Reset” initiative?
a) Rebuilding economies sustainably after COVID-19
b) Increasing corporate taxes
c) Promoting digital currencies only
d) Encouraging more fossil fuel consumption
Which major global risk is frequently highlighted in the WEF’s Global Risks Report?
a) Nuclear war
b) Cybersecurity threats
c) Alien invasion
d) Space tourism failure
Which economic indicator is most commonly used to measure a country’s overall economic output?
a) Consumer Price Index (CPI)
b) Gross Domestic Product (GDP)
c) Unemployment Rate
d) Interest Rate
Which of the following organizations frequently collaborates with the WEF on global economic issues?
a) FIFA
b) International Monetary Fund (IMF)
c) World Anti-Doping Agency
d) Greenpeace
What is the primary focus of the WEF’s Fourth Industrial Revolution?
a) Military advancements
b) Technological innovation and digital transformation
c) Agricultural expansion
d) Reducing space exploration investments
Which country has the world’s largest economy by nominal GDP?
a) China
b) United States
c) Japan
d) Germany
Which economic term refers to the general rise in prices over time?
a) Deflation
b) Inflation
c) Stagnation
d) Recession
What does the term “Green Economy” refer to?
a) An economy focused on environmental sustainability
b) An economy based only on agriculture
c) A market driven solely by digital currencies
d) A focus on military expenditure
Which of the following is a common economic challenge in developing countries?
a) High per capita income
b) Rapid industrialization
c) Limited access to financial services
d) Low unemployment rates
Which economic phenomenon occurs when an economy experiences a significant decline in activity?
a) Inflation
b) Boom
c) Recession
d) Expansion
What does “Inclusive Growth” mean in economic terms?
a) Growth that benefits all segments of society
b) Growth that only benefits large corporations
c) Growth that leads to currency devaluation
d) Growth with high inflation
Which financial crisis had a global impact in 2008?
a) Asian Financial Crisis
b) Dot-com Bubble
c) Global Financial Crisis
d) Oil Crisis
Which sector is most impacted by digital transformation according to WEF?
a) Agriculture
b) Manufacturing
c) Services
d) All of the above
What is the primary purpose of the WEF’s “Davos Agenda”?
a) Promote sustainable economic policies
b) Organize global sporting events
c) Restrict international trade
d) Promote cryptocurrency investments only
Which of the following is a key factor in global supply chain disruptions?
a) Natural disasters
b) Trade restrictions
c) Labor shortages
d) All of the above
Which economic model promotes reduced carbon emissions and sustainability?
a) Circular Economy
b) Linear Economy
c) Traditional Economy
d) Capitalist Economy
Which of the following is a common criticism of globalization?
a) Increased job opportunities
b) Unequal wealth distribution
c) Better access to goods
d) Technological innovation
Which organization works closely with WEF to regulate global trade?
a) World Trade Organization (WTO)
b) International Red Cross
c) OPEC
d) World Wildlife Fund
What is a major economic concern regarding automation?
a) Increased employment rates
b) Higher economic equality
c) Job displacement
d) Lower productivity
Which of the following is a key challenge to global economic stability?
a) Stable financial markets
b) Rising debt levels
c) Strong consumer confidence
d) Economic expansion
Which of the following best describes “Stakeholder Capitalism,” a concept promoted by the WEF?
a) Businesses prioritize only shareholder profits
b) Corporations focus on environmental, social, and governance (ESG) goals
c) Companies avoid corporate social responsibility
d) Governments fully control all industries
