Test Your Knowledge On Economy Of Switzerland!
Switzerland is known as one of the world's wealthiest countries. Its people seem to have very prosperous lives with very high wages, and the country also knows very low unemployment rates. It is home to some of the most popular brands in the world, like Nestle and Swatch watch, but what do you really know about its economy? Take this quiz and see how much you score.
- 1.
What's Switzerland's rank in terms of export despite its small size?
- A.
9th
- B.
19th
- C.
20th
- D.
21th
Correct Answer
C. 20thExplanation
Switzerland is known for its strong economy and export-oriented industries, despite its small size. The country has a diverse range of exports, including machinery, pharmaceuticals, and precision instruments. With a robust export sector, Switzerland has managed to secure the 20th rank in terms of export globally. This indicates that despite its small geographical size, Switzerland has been able to establish itself as a significant player in the international export market.Rate this question:
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- 2.
In 2017 what was the average gross household income in Germany?
- A.
$8,200 per month
- B.
$7.600 per month
- C.
$7,000 per month
- D.
$10, 720 per month
Correct Answer
D. $10, 720 per monthExplanation
The average gross household income in Germany in 2017 was $10,720 per month. This means that, on average, households in Germany earned this amount before any deductions or taxes were taken into account. This figure represents the average income across all households in the country, indicating the overall financial status of the population during that year.Rate this question:
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- 3.
What's the company has the highest revenue in Switzerland?
- A.
Swiss Re
- B.
Novartis
- C.
Glencore
- D.
Nestle
Correct Answer
C. GlencoreExplanation
Glencore is the company with the highest revenue in Switzerland.Rate this question:
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- 4.
What is Switzerland's most important economic factor?
- A.
Manufacturing
- B.
Innovation
- C.
Aviation
- D.
Leisure
Correct Answer
A. ManufacturingExplanation
Switzerland's most important economic factor is manufacturing. This sector plays a significant role in the country's economy, contributing to its overall growth and stability. Switzerland is known for its precision engineering and high-quality products, such as watches, pharmaceuticals, machinery, and chemicals. The manufacturing industry in Switzerland is highly advanced and technologically driven, with a strong focus on innovation and quality. It generates substantial employment opportunities and exports, making it a crucial pillar of the Swiss economy.Rate this question:
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- 5.
What is Switzerland's biggest export?
- A.
Clothing
- B.
Specialist chemicals
- C.
Chocolate
- D.
Watches
Correct Answer
B. Specialist chemicalsExplanation
Switzerland is known for its expertise in the chemical industry, making specialist chemicals one of its biggest exports. The country has a strong reputation for producing high-quality chemicals used in various industries such as pharmaceuticals, biotechnology, and fine chemicals. Swiss companies are renowned for their precision, innovation, and strict quality standards, which contribute to the success of their chemical exports. This specialization in the chemical sector has helped Switzerland maintain a competitive edge in the global market and establish itself as a leading exporter in this field.Rate this question:
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- 6.
What's Switzerland's second-biggest export?
- A.
Food
- B.
Medecine
- C.
Cosmetics
- D.
Machines and electronics
Correct Answer
D. Machines and electronicsExplanation
Switzerland is well-known for its precision engineering and high-quality manufacturing. The country has a strong reputation for producing and exporting a wide range of machines and electronics, including industrial machinery, watches, medical devices, and electronic components. This sector contributes significantly to Switzerland's economy and is considered one of its key export industries. Therefore, machines and electronics being Switzerland's second-biggest export is a plausible and logical answer.Rate this question:
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- 7.
How many people currently work in Germany?
- A.
3 million people
- B.
4 million people
- C.
5 million people
- D.
6 million people
Correct Answer
C. 5 million peopleExplanation
The correct answer is 5 million people. This answer indicates the current number of people working in Germany. It suggests that there are 5 million individuals employed in various sectors and industries in the country.Rate this question:
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- 8.
What's the percentage of people who belong to a trade union?
- A.
15%
- B.
20%
- C.
25%
- D.
30%
Correct Answer
C. 25%Explanation
The correct answer is 25% because it is the only option that falls within the given range of percentages (15%, 20%, 25%, 30%).Rate this question:
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- 9.
What is Switzerland's unemployment rate?
- A.
3.2%
- B.
4%
- C.
5%
- D.
6%
Correct Answer
A. 3.2%Explanation
Switzerland's unemployment rate is 3.2%. This indicates the percentage of the labor force that is unemployed and actively seeking employment. A low unemployment rate suggests a strong and stable economy, as it indicates a high demand for labor and job opportunities for individuals.Rate this question:
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- 10.
How many people own their home in Switzerland?
- A.
37%
- B.
38%
- C.
39%
- D.
40%
Correct Answer
A. 37%Explanation
37% of people in Switzerland own their home.Rate this question:
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Current Version
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Nov 16, 2023Quiz Edited by
ProProfs Editorial Team -
Oct 06, 2019Quiz Created by
Anouchka
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