CSEET – Economics Basics: Multiple Choice Questions   1. Economics is primarily concerned with: A. Production and distribution of wealth B. Money and banking C. Choice under scarcity D. Only consumption Answer: C. Choice under scarcity Explanation: Economics studies how limited resources are allocated to satisfy unlimited human wants.   2. The central problem of an economy is: A. What to produce B. How to produce C. For whom to produce D. All of the above Answer: D. All of th

CSEET Economics: Global Financial Institutions – MCQs   1. Which of the following institutions is known as the "lender of last resort" for countries facing balance of payments crises? A. World Bank B. IMF C. WTO D. OECD Answer: B. IMF Explanation: The International Monetary Fund provides short-term financial support to countries facing balance of payments problems.   2. The World Bank was established in which year? A. 1944 B. 1947 C. 1950 D. 1965 Answer: A. 1944 Explanation