15 MCQ on Canada in the International Political Economy with answers
15 MCQ on Canada in the International Political Economy with answers
1. Which international trade agreement did Canada sign in 1989, creating one of the world's largest free trade zones?
a) NAFTA
b) TPP
c) CETA
d) USMCA
Answer: a) NAFTA
2. Which Canadian province is particularly known for its significant contribution to the country's energy resources?
a) Ontario
b) British Columbia
c) Alberta
d) Quebec
Answer: c) Alberta
3. Canada's largest trading partner in terms of merchandise trade is:
a) China
b) Japan
c) United States
d) United Kingdom
Answer: c) United States
4. Which Canadian Prime Minister is credited with implementing the National Energy Program in the 1980s?
a) Justin Trudeau
b) Stephen Harper
c) Pierre Trudeau
d) Brian Mulroney
Answer: c) Pierre Trudeau
5. Which international organization is Canada a member of, promoting economic cooperation and development among member countries?
a) OPEC
b) G7
c) BRICS
d) ASEAN
Answer: b) G7
6. The Canadian dollar is abbreviated as:
a) CDN
b) CAD
c) CND
d) C$
Answer: b) CAD
7. Which Canadian city serves as the country's financial hub and is home to the Toronto Stock Exchange?
a) Vancouver
b) Calgary
c) Toronto
d) Montreal
Answer: c) Toronto
8. Which Canadian province is known for its significant hydroelectric power production?
a) British Columbia
b) Manitoba
c) Newfoundland and Labrador
d) Quebec
Answer: d) Quebec
9. Which trade agreement did Canada sign with the European Union, aimed at boosting trade and investment between the two regions?
a) CUSMA
b) CETA
c) NAFTA
d) TPP
Answer: b) CETA
10. Canada is one of the world's leading producers of:
a) Coffee
b) Wheat
c) Rice
d) Tea
Answer: b) Wheat
11. What is the term used to describe the economic system in which the means of production are privately owned and operated for profit, typical of Canada?
a) Socialism
b) Capitalism
c) Communism
d) Fascism
Answer: b) Capitalism
12. Which international organization regulates global trade and sets rules for international commerce?
a) World Trade Organization (WTO)
b) International Monetary Fund (IMF)
c) United Nations (UN)
d) World Bank
Answer: a) World Trade Organization (WTO)
13. Canada's economy is often described as a mixed economy. What does this mean?
a) It is controlled entirely by the government.
b) It is driven solely by market forces.
c) It incorporates elements of both market capitalism and government intervention.
d) It is primarily based on subsistence agriculture.
Answer: c) It incorporates elements of both market capitalism and government intervention.
14. Which Canadian province has the largest oil reserves and plays a significant role in the country's energy sector?
a) Ontario
b) British Columbia
c) Alberta
d) Quebec
Answer: c) Alberta
15. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) includes Canada and how many other countries?
a) 5
b) 11
c) 15
d) 20
Answer: b) 11
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