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Quizzes > Business & Finance > Finance & Economics

Test Your Knowledge: Women Empowerment Economy Quiz

Think you can ace this quiz on women in economy? Challenge yourself now!

Difficulty: Moderate
2-5mins
Learning OutcomesCheat Sheet
Paper art illustration with women holding charts coins books on sky blue background for empowerment economy quiz

Ready to ignite your passion for progress? Try our women empowerment quiz: Economy Edition - a free economy women empowerment quiz that challenges you to ace the economy test! This engaging free empowerment quiz lets you explore trailblazing female economists and entrepreneurs, while sharpening your knowledge of economic milestones with fun economy trivia . Dive deeper into inspiring stories through targeted women empowerment trivia, then challenge yourself with trivia questions for women that spotlight game-changing innovators. Whether you're prepping for an econ test or just curious, this quiz on women in economy is your chance to learn, celebrate, and empower. Take the challenge now!

Who became the first woman to win the Nobel Prize in Economic Sciences?
Esther Duflo
Janet Yellen
Elinor Ostrom
Amartya Sen
Elinor Ostrom became the first woman to win the Nobel Prize in Economic Sciences in 2009 for her analysis of economic governance, especially the commons. She demonstrated how communities can successfully manage shared resources without central regulation or privatization. This groundbreaking work challenged traditional economic theory. source
Which field of economics is Esther Duflo best known for pioneering?
Environmental economics
Behavioral economics
Labor economics
Development economics
Esther Duflo is recognized for her pioneering work in development economics, using field experiments to study how policies affect poverty. She co-founded the Abdul Latif Jameel Poverty Action Lab (J-PAL) to advance randomized evaluations. Her approach has reshaped the way development programs are designed and assessed. source
Who was the first woman to serve as Chair of the U.S. Federal Reserve?
Angela Merkel
Melinda Gates
Christine Lagarde
Janet Yellen
Janet Yellen served as Chair of the U.S. Federal Reserve from 2014 to 2018, becoming the first woman in the role. During her tenure, she emphasized labor market improvements and gradual interest rate increases. Her leadership was noted for transparency and data-driven decisions. source
Which female economist founded the Self-Employed Women's Association (SEWA) to empower women in India through microfinance?
Jane Addams
Ela Bhatt
Caroline Moser
Mary Parker Follett
Ela Bhatt founded SEWA in 1972 to organize self-employed women in India and provide them with access to microfinance, training, and health services. Her work has impacted millions of low-income women entrepreneurs, promoting economic self-reliance. Bhatt's model is widely studied in development and gender economics. source
Who founded the nonprofit investment fund Acumen to support social enterprises in developing countries?
Melinda Gates
Jacqueline Novogratz
Michelle Obama
Oprah Winfrey
Jacqueline Novogratz founded Acumen in 2001 to invest patient capital in social enterprises addressing poverty. She has advocated for 'moral leadership' in business and highlighted the role of entrepreneurs in solving global challenges. Acumen's model blends philanthropy and investment. source
Who co-founded the online micro-lending platform Kiva in 2005?
Jessica Jackley
Ursula Burns
Reshma Saujani
Indra Nooyi
Jessica Jackley co-founded Kiva in 2005 to connect lenders to entrepreneurs in developing countries via the internet. Kiva's peer-to-peer model has channeled over a billion dollars in loans. Jackley's innovation popularized micro-lending globally. source
Which female entrepreneur founded Spanx, a global lingerie and apparel brand?
Sara Blakely
Diane von Fürstenberg
Tory Burch
Gina Rinehart
Sara Blakely founded Spanx in 2000 with $5,000 of savings and revolutionized shapewear with her patented hosiery designs. She became the youngest self-made female billionaire. Blakely's success story emphasizes innovation and perseverance. source
In which year did Elinor Ostrom receive the Nobel Prize in Economic Sciences?
2009
1998
2012
2005
Elinor Ostrom was awarded the Nobel Prize in Economic Sciences in 2009, sharing it with Oliver Williamson. The prize committee cited her analysis of economic governance and common-pool resources. She remains the only woman to have won this award. source
Which book did Esther Duflo co-author that examines the economics of poverty?
Capital in the Twenty-First Century
Thinking, Fast and Slow
Poor Economics
The Wealth of Nations
Esther Duflo co-authored 'Poor Economics' with Abhijit Banerjee in 2011, based on randomized field experiments in developing countries. The book offers practical insights into poverty alleviation and policy design. It won the Financial Times/McKinsey Business Book of the Year award. source
What is the title of Sheryl Sandberg's book encouraging women to pursue leadership roles?
The Feminine Mystique
The Confidence Code
Lean In
Bossypants
'Lean In', published in 2013 by Sheryl Sandberg, urges women to assert themselves in the workplace and seek leadership opportunities. The book sparked a global conversation on gender equality and career advancement. It also led to the creation of LeanIn.Org to support women. source
Indra Nooyi served as CEO of which major corporation from 2006 to 2018?
IBM
General Electric
Microsoft
PepsiCo
Indra Nooyi was CEO of PepsiCo between 2006 and 2018, guiding the company's global strategy and emphasis on healthier products. She ranked among Forbes' most powerful women for several years. Nooyi's tenure included the acquisitions of Tropicana and Quaker Oats. source
Christina Romer held which position in the Obama administration?
Federal Reserve Governor
U.S. Trade Representative
Secretary of the Treasury
Chair of the Council of Economic Advisers
Christina Romer served as Chair of the Council of Economic Advisers from 2009 to 2010, providing analysis during the financial crisis. She focused on fiscal stimulus measures and economic recovery. Romer is a professor at UC Berkeley specializing in monetary and fiscal policy. source
What is the name of Melinda Gates' 2019 book advocating for women's empowerment?
Half the Sky
Lean In
Women in the World
The Moment of Lift
'The Moment of Lift', published in 2019, is Melinda Gates' call to action for gender equality and empowerment. She shares stories from her work with the Gates Foundation and highlights systemic barriers. The book emphasizes early education and healthcare access for women. source
Christine Lagarde was the first woman to head which international financial institution?
World Trade Organization
International Monetary Fund (IMF)
Bank for International Settlements
World Bank
Christine Lagarde served as Managing Director of the IMF from 2011 to 2019, becoming its first female leader. She guided the institution through the Eurozone crisis and global financial stability issues. Lagarde later became President of the European Central Bank. source
Maria da Conceição Tavares is renowned for her contributions to which branch of economics?
Environmental economics
Health economics
Development economics
Game theory
Maria da Conceição Tavares is a Brazilian economist whose work has focused on development economics and structural change in Latin America. She has analyzed industrialization, economic policy, and inequality. Tavares is a professor at Instituto de Economia, Universidade Federal do Rio de Janeiro. source
Anne-Marie Slaughter is best known for her work in which area of public policy?
Trade liberalization
Labor market regulation
Global governance and women's leadership
Monetary policy
Anne-Marie Slaughter has written extensively on global governance, international law, and women's leadership in her book 'A New World Order' and essays in The Atlantic. She served as Director of Policy Planning at the U.S. State Department. Slaughter advocates for workplace flexibility and gender equity. source
Rosalind Brewer became CEO of which Fortune 500 company in 2021?
Target
Starbucks
Walmart
Walgreens Boots Alliance
Rosalind Brewer was appointed CEO of Walgreens Boots Alliance in March 2021, becoming one of only a few Black women leading a Fortune 500 company. She previously served as COO of Starbucks and CEO of Sam's Club. Brewer is known for her leadership in retail and supply chain management. source
Ngozi Okonjo-Iweala is the first woman and first African to lead which global organization?
International Monetary Fund
United Nations
World Bank
World Trade Organization
Ngozi Okonjo-Iweala became Director-General of the World Trade Organization in 2021, the first woman and first African in that role. She previously served twice as Nigeria's Finance Minister and as Managing Director at the World Bank. Her leadership highlights trade's role in development. source
In 'The Entrepreneurial State', Mariana Mazzucato argues that the state primarily acts as what?
A passive regulator
A market follower
A risk taker and innovator
A private investor
In 'The Entrepreneurial State', Mariana Mazzucato shows how government agencies have made bold investments in breakthrough technologies. She argues that the state often assumes risks that private investors avoid and drives innovation. Her work challenges the notion that only markets innovate. source
Carmen Reinhart is distinguished for her research on what economic phenomenon?
Environmental impact
Financial crises
Behavioral biases
International trade
Carmen Reinhart is known for her empirical research on financial crises and sovereign debt, co-authoring 'This Time Is Different'. Her data-driven studies cover currency crashes, banking crises, and defaults across centuries. Reinhart's work influences policy on crisis prevention and debt management. source
Before leading the WTO, Ngozi Okonjo-Iweala served as finance minister of which country?
South Africa
Kenya
Nigeria
Ghana
Ngozi Okonjo-Iweala served twice as Nigeria's Finance Minister, from 2003 to 2006 and again in 2011. She implemented reforms to improve transparency and reduce corruption in public finances. Her tenure helped stabilize Nigeria's economy. source
Joan Robinson is famous for her theory on what aspect of market structure?
Public goods
Perfect competition
Monopoly pricing
Imperfect competition
Joan Robinson introduced the concept of imperfect competition in her 1933 book 'The Economics of Imperfect Competition', analyzing how firms with market power set prices. Her work expanded understanding beyond perfect competition and monopoly extremes. Robinson influenced modern industrial organization theory. source
What analytical framework did Elinor Ostrom develop to study common-pool resources?
Heckscher-Ohlin Model
Institutional Analysis and Development Framework
IS-LM Model
Solow Growth Model
Elinor Ostrom developed the Institutional Analysis and Development (IAD) Framework to analyze how institutions govern common-pool resources. The framework examines action situations, participants, rules, and outcomes. It's widely used in political economy and resource management studies. source
Which experimental method is most closely associated with Esther Duflo's research approach?
Input-output modeling
Structural VAR
Time-series analysis
Randomized Controlled Trials
Esther Duflo's hallmark research method is the randomized controlled trial (RCT), where different interventions are randomly assigned to groups to measure impact. RCTs have become the gold standard in development economics to assess policy effectiveness. This approach won her a share of the Nobel Prize. source
Mariana Mazzucato introduces which concept to complement 'market failure' in innovation policy?
Equity failure
Profit failure
Government failure
System failure
Mariana Mazzucato argues that focusing solely on market failure neglects systemic issues in innovation ecosystems, hence her introduction of 'system failure'. This concept highlights the need for coordinated policies across sectors, institutions, and educational systems. It shifts the policy debate toward holistic innovation strategies. source
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Study Outcomes

  1. Understand Key Women's Economic Contributions -

    After this quiz on women in economy, you'll be able to describe the achievements of pioneering female economists who shaped modern financial systems.

  2. Identify Trailblazing Women Entrepreneurs -

    You'll recognize influential business leaders and their innovative strategies that transformed global markets.

  3. Analyze Gender-Focused Economic Policies -

    You'll evaluate how specific initiatives and policies have advanced women's economic empowerment worldwide.

  4. Recall Significant Empowerment Milestones -

    You'll remember key events and figures in women empowerment trivia that impacted the evolution of today's economy.

  5. Apply Knowledge in Empowered Discussions -

    You'll confidently use your newfound insights to engage in informed conversations about women's roles in economic growth.

Cheat Sheet

  1. Elinor Ostrom and the Tragedy of the Commons -

    Elinor Ostrom won the 2009 Nobel Prize in Economics for showing how local communities can self-govern common-pool resources without top-down regulation (source: Nobel Prize official site). Remember the mnemonic "GOCo" (Governance Of Commons) to recall key design principles like clearly defined boundaries and collective-choice arrangements. This concept often appears in women empowerment trivia as a breakthrough in institutional economics.

  2. Janet Yellen's Monetary Policy Tools -

    Janet Yellen became the first female Chair of the Federal Reserve in 2014, pioneering the use of the Taylor Rule: i = r* + π + 0.5(π − π*) + 0.5(y − y*) where i is the nominal rate (source: Federal Reserve). Use the acronym "TRiiP" (Taylor Rule: Rate, inflation, inflation gap, output gap) to memorize its components. This formula is a must-know for any quiz on women in economy or free empowerment quiz focused on policy analysis.

  3. Microfinance and the Grameen Model -

    Grameen Bank, founded by Muhammad Yunus, serves as a prime example of women-led microcredit: over 97% of borrowers are women (source: Grameen Bank Report). The simple interest formula i = (principal × rate × time) shows why small loans can scale - remember "P-R-T" to keep it straight. This model often features in economy women empowerment quizzes as a vivid case of grassroots entrepreneurship.

  4. Return on Equity (ROE) and the DuPont Approach -

    The DuPont formula breaks ROE into three drivers: ROE = (Net Profit / Sales) × (Sales / Assets) × (Assets / Equity), also called the "3-step decomposition" (source: Journal of Finance). Use the mnemonic "P-A-L" (Profitability, Asset use, Leverage) to recall each factor. Recognizing women-led public companies and their ROE trends is a popular question in women empowerment trivia.

  5. Lean In and Closing the Leadership Gap -

    Sheryl Sandberg's Lean In research highlights the "Leadership Ambition Gap," showing how societal norms impact women's career progression (source: LeanIn.org). Remember the "3 Ps" framework - Parental leave, Pay equity, and Promotion pathways - to evaluate policies that boost women's leadership roles. This policy triad is a core topic in the economy women empowerment quiz, helping you score high on questions about gender equality measures.

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