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MCQs - 2026-04

3121.
Which group of nations announced an agreement on a framework for digital asset taxation on April 1, 2026?
A G20
B BRICS
C G7
D OECD
3122.
Phase 2 of PAPSS expansion is focusing on integrating payment systems in which regions?
A North and West Africa
B East and Southern Africa
C Central and West Africa
D All African regions simultaneously
3123.
The primary objective of PAPSS is to:
A Increase reliance on correspondent banking
B Reduce the cost and time of intra-African trade payments
C Promote the use of foreign currencies for trade
D Restrict cross-border capital flows
3124.
PAPSS aims to facilitate cross-border transactions primarily in:
A US Dollars
B Euros
C Local African currencies
D Chinese Yuan
3125.
Which institution is a key partner in the development and rollout of PAPSS?
A International Monetary Fund (IMF)
B World Bank
C African Export-Import Bank (Afreximbank)
D Bank for International Settlements (BIS)
3126.
The Pan-African Payment and Settlement System (PAPSS) is an initiative of which organization?
A African Union Commission
B African Continental Free Trade Area (AfCFTA) Secretariat
C African Development Bank (AfDB)
D West African Economic and Monetary Union (WAEMU)
3127.
This agreement is expected to boost bilateral trade in which sector?
A Agriculture
B Textiles
C Digital services and e-commerce
D Automotive manufacturing
3128.
Which EU regulation is a significant benchmark for data protection standards that influences such agreements?
A RoHS Directive
B REACH Regulation
C General Data Protection Regulation (GDPR)
D EMAS Regulation
3129.
The agreement aims to prohibit which type of requirement for digital trade?
A Data encryption
B Data localization
C Digital signature verification
D Cybersecurity audits
3130.
A key provision of the agreement includes mutual recognition of:
A Intellectual property rights
B Data protection standards
C Taxation policies
D Labor laws