Key Industries
Government Policies
Global Rankings and Competitiveness
Infrastructure and Innovation
Trade and Free Markets
100
This industry, known for its advanced ports and strategic location, makes Singapore a hub for global trade.
A. Tourism
B. Logistics and Shipping
C. Manufacturing
D. Financial Services
B. Logistics and Shipping
100
Singapore’s corporate tax rate is capped at this percentage to attract foreign investments.
A. 15%
B. 20%
C. 17%
D. 18%
Correct Answer: C. 17%
100
In 2023, Singapore ranked among the top five globally for this economic indicator, showing strong trade links.
A. GDP per capita
B. Global connectivity
C. Inflation rate
D. Export volume
B. Global connectivity
100
Singapore’s Changi Airport has won multiple awards in this category.
A. Best regional airport
B. Best airport in the world
C. Best cargo airport
D. Best airport for shopping
B. Best airport in the world
100
Singapore is part of this large regional trade agreement involving ASEAN countries.
A. Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
B. Regional Comprehensive Economic Partnership (RCEP)
C. Asia-Pacific Economic Cooperation (APEC)
D. ASEAN Economic Community (AEC)
B. Regional Comprehensive Economic Partnership (RCEP)
200
Singapore is a world leader in refining this resource, despite not having any natural reserves of it.
A. Gold
B. Oil
C. Natural Gas
D. Coal
Correct Answer: B. Oil
200
This initiative by the government supports workers in acquiring new skills for the future economy.
A. Workfare Income Supplement
B. SkillsFuture
C. Progressive Wage Model
D. Career Conversion Program
Correct Answer: B. SkillsFuture
200
Singapore is consistently ranked as one of the easiest countries to do this activity due to streamlined regulations.
A. Hiring employees
B. Starting a business
C. Obtaining a loan
D. Paying taxes
B. Starting a business
200
This multi-billion-dollar district is Singapore’s hub for research and development.
A. Jurong Island
B. Biopolis
C. one-north
D. Tuas Innovation Park
C. one-north
200
Singapore relies heavily on these international agreements to reduce trade barriers and tariffs.
A. Economic Partnership Agreements
B. Bilateral Investment Treaties
C. Free Trade Agreements (FTAs)
D. Preferential Trade Agreements
C. Free Trade Agreements (FTAs)
300
This sector, encompassing companies like Grab and Shopee, has become a significant driver of Singapore's economy.
Correct Answer: Technology and e-commerce
300
Singapore’s economy is structured around this long-term planning document updated every 5-10 years.
Correct Answer: Economic Development Plan
300
Singapore is known for its low levels of this, which helps attract businesses and promote fairness in markets.
Correct Answer: Corruption
300
Singapore is home to one of the world’s first digital versions of this essential urban utility.
Correct Answer: Digital twin of the city
300
Singapore has a strong focus on these zones, which provide tax benefits and streamlined processes for businesses.
Correct Answer: World Trade Organization (WTO)
400
Singapore is a global hub for this type of tourism, attracting business travelers and event organizers worldwide.
Correct Answer: MICE (Meetings, Incentives, Conferences, and Exhibitions)
400
The government agency responsible for driving Singapore’s external economy and promoting international trade is called this.
Correct Answer: Enterprise Singapore
400
Singapore ranks highly in this index, which measures how well countries retain and attract top talent.
Correct Answer: Global Talent Competitiveness Index
400
Singapore leads the world in this smart city innovation, including cashless payments and integrated public transportation.
Correct Answer: Smart nation initiative
400
Singapore has a strong focus on these zones, which provide tax benefits and streamlined processes for businesses.
Correct Answer: Free trade zones