Economy Set 1 MCQs

Economy GK

Economy Set 1 MCQs

Practice Economy GK MCQs on basic economic concepts including economy, economics, microeconomics, macroeconomics, goods and services, demand and supply, factors of production, opportunity cost, economic activities, sectors of economy and other fundamental concepts frequently asked in SSC, Railway, Banking, UPSC, JKSSB, JKPSC, Police, Defence and other competitive examinations.

2220
Total Questions

Practice Questions

Page 62 of 111
Question #1221
The 'International Labour Organization' is headquartered in:
A. Rome
B. New York
C. Geneva
D. Paris
Discuss
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Correct Answer: Option C

Explanation:
The International Labour Organization is headquartered in Geneva.
This question belongs to: Economy GK Economy Set 1
Question #1222
The 'International Court of Justice' is headquartered at:
A. The Hague
B. Geneva
C. Vienna
D. New York
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Correct Answer: Option A

Explanation:
The International Court of Justice is headquartered at The Hague, Netherlands.
This question belongs to: Economy GK Economy Set 1
Question #1223
The 'World Trade Organization' is headquartered in:
A. Paris
B. New York
C. Washington D.C.
D. Geneva
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Correct Answer: Option D

Explanation:
The World Trade Organization is headquartered in Geneva, Switzerland.
This question belongs to: Economy GK Economy Set 1
Question #1224
The 'International Monetary Fund' and 'World Bank' are both headquartered in:
A. Paris
B. New York
C. Geneva
D. Washington D.C.
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Correct Answer: Option D

Explanation:
Both the IMF and World Bank are headquartered in Washington D.C., USA.
This question belongs to: Economy GK Economy Set 1
Question #1225
The 'Bank for International Settlements' is headquartered in:
A. Zurich
B. Basel
C. Geneva
D. London
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Correct Answer: Option B

Explanation:
The Bank for International Settlements is headquartered in Basel, Switzerland.
This question belongs to: Economy GK Economy Set 1
Question #1226
The 'Asian Development Bank' is headquartered in:
A. Singapore
B. Manila
C. Beijing
D. Tokyo
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Correct Answer: Option B

Explanation:
The Asian Development Bank is headquartered in Manila, Philippines.
This question belongs to: Economy GK Economy Set 1
Question #1227
The 'African Development Bank' is headquartered in:
A. Abidjan
B. Cairo
C. Johannesburg
D. Nairobi
Discuss
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Correct Answer: Option A

Explanation:
The African Development Bank is headquartered in Abidjan, Côte d'Ivoire.
This question belongs to: Economy GK Economy Set 1
Question #1228
The 'Inter-American Development Bank' is headquartered in:
A. Brasilia
B. Mexico City
C. New York
D. Washington D.C.
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Correct Answer: Option D

Explanation:
The Inter-American Development Bank is headquartered in Washington D.C.
This question belongs to: Economy GK Economy Set 1
Question #1229
The 'Economic Community of West African States' promotes economic integration in:
A. Europe
B. West Africa
C. South America
D. Asia
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Correct Answer: Option B

Explanation:
ECOWAS promotes economic integration in West Africa.
This question belongs to: Economy GK Economy Set 1
Question #1230
The 'Mercosur' is a trading bloc in:
A. Africa
B. Europe
C. Asia
D. South America
Discuss
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Correct Answer: Option D

Explanation:
Mercosur is a South American trading bloc including Argentina, Brazil, Paraguay and Uruguay.
This question belongs to: Economy GK Economy Set 1
Question #1231
The 'World Economic Forum' holds its annual meeting in:
A. Zurich
B. Geneva
C. Davos
D. Basel
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Correct Answer: Option C

Explanation:
The World Economic Forum annual meeting is held in Davos, Switzerland.
This question belongs to: Economy GK Economy Set 1
Question #1232
The 'Group of 77' is a coalition of:
A. developed countries
B. oil-exporting countries
C. European countries
D. developing countries
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Correct Answer: Option D

Explanation:
The G77 is a coalition of developing countries at the United Nations.
This question belongs to: Economy GK Economy Set 1
Question #1233
The 'OPEC' is an organization of:
A. natural gas exporters only
B. coal exporters
C. oil-exporting countries
D. oil-importing countries
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Correct Answer: Option C

Explanation:
OPEC is the Organization of the Petroleum Exporting Countries.
This question belongs to: Economy GK Economy Set 1
Question #1234
The 'International Atomic Energy Agency' is headquartered in:
A. Vienna
B. Paris
C. New York
D. Geneva
Discuss
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Correct Answer: Option A

Explanation:
The International Atomic Energy Agency is headquartered in Vienna, Austria.
This question belongs to: Economy GK Economy Set 1
Question #1235
The 'World Health Organization' is headquartered in:
A. Geneva
B. Rome
C. Paris
D. New York
Discuss
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Correct Answer: Option A

Explanation:
The World Health Organization is headquartered in Geneva.
This question belongs to: Economy GK Economy Set 1
Question #1236
The 'United Nations Educational, Scientific and Cultural Organization' is headquartered in:
A. Paris
B. Rome
C. New York
D. Geneva
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Correct Answer: Option A

Explanation:
UNESCO is headquartered in Paris.
This question belongs to: Economy GK Economy Set 1
Question #1237
The 'Organisation for Economic Co-operation and Development' is headquartered in:
A. Geneva
B. New York
C. Paris
D. London
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Correct Answer: Option C

Explanation:
OECD is headquartered in Paris.
This question belongs to: Economy GK Economy Set 1
Question #1238
The 'International Labour Organization' was established in which year?
A. 1966
B. 1919
C. 1948
D. 1945
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Correct Answer: Option B

Explanation:
The ILO was established in 1919 under the Treaty of Versailles.
This question belongs to: Economy GK Economy Set 1
Question #1239
The 'Universal Declaration of Human Rights' was adopted by the United Nations in which year?
A. 1950
B. 1948
C. 1966
D. 1945
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Correct Answer: Option B

Explanation:
The Universal Declaration of Human Rights was adopted in 1948.
This question belongs to: Economy GK Economy Set 1
Question #1240
The 'United Nations' was founded in which year?
A. 1948
B. 1950
C. 1945
D. 1944
Discuss
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Correct Answer: Option C

Explanation:
The United Nations was founded in 1945.
This question belongs to: Economy GK Economy Set 1
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