United Kingdom Economy Quiz

What significant event in 2020 increased global attention on the UK economy?

• The UK's entry into the EU

• The Second World War

• The Industrial Revolution

• Brexit

Which sector employs only 2% of the UK's workforce but still manages to produce a surplus of food?

• Manufacturing

• Agriculture

• Finance

• Forestry

What is a major challenge facing the UK fishing industry?

• Long-term decline and reduced catch

• Competition from the US

• Overfishing in British waters

• Lack of government support

Which energy resource was once a major driver of the UK economy but has since declined in importance?

• Natural gas

• Hydroelectric power

• Coal

• Nuclear power

What transformation in the UK's energy sector has occurred due to the discovery of oil?

• Decline in nuclear energy

• Self-sufficiency in oil production

• Shift to renewable energy

• Increased reliance on coal

Which sector in the UK has seen a decline in its contribution to GDP and employment over the past four decades?

• Finance

• Agriculture

• Forestry

• Manufacturing

What are the fastest growing sectors in the UK's manufacturing industry?

• Textiles and Footwear

• Chemicals and Electrical Engineering

• Forestry and Fishing

• Agriculture and Mining

Which city remains a dominant hub for international financial operations in the UK?

• London

• Liverpool

• Birmingham

• Manchester

What regulatory body was established in 1997 to oversee financial services in the UK?

• Financial Policy Committee

• Financial Conduct Authority

• Financial Services Authority

• Prudential Regulation Authority

Which sector contributed about one-twelfth of the UK's GDP at the end of the 20th century?

• Agriculture

• Manufacturing

• Finance

• Forestry