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 91 of 111
Question #1801
The 'International Monetary Fund' has how many member countries?
A. 150
B. 164
C. 190
D. 193
Discuss
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Correct Answer: Option C

Explanation:
The IMF has 190 member countries.
This question belongs to: Economy GK Economy Set 1
Question #1802
The 'World Bank Group' has how many member countries in IBRD?
A. 193
B. 150
C. 164
D. 189
Discuss
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Correct Answer: Option D

Explanation:
IBRD has 189 member countries.
This question belongs to: Economy GK Economy Set 1
Question #1803
The 'World Trade Organization' replaced GATT in which year?
A. 1995
B. 2000
C. 1993
D. 1997
Discuss
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Correct Answer: Option A

Explanation:
WTO replaced GATT on 1 January 1995.
This question belongs to: Economy GK Economy Set 1
Question #1804
The 'General Agreement on Trade in Services' came into force in which year?
A. 2000
B. 1994
C. 2005
D. 1995
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Correct Answer: Option D

Explanation:
GATS came into force in 1995 as part of WTO agreements.
This question belongs to: Economy GK Economy Set 1
Question #1805
The 'Trade-Related Aspects of Intellectual Property Rights' agreement came into force in which year?
A. 1998
B. 1994
C. 2000
D. 1995
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Correct Answer: Option D

Explanation:
TRIPS came into force in 1995.
This question belongs to: Economy GK Economy Set 1
Question #1806
The 'Agreement on Agriculture' under WTO came into force in which year?
A. 1998
B. 2000
C. 1994
D. 1995
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Correct Answer: Option D

Explanation:
The Agreement on Agriculture came into force in 1995.
This question belongs to: Economy GK Economy Set 1
Question #1807
The 'Doha Development Agenda' was launched in which year?
A. 1999
B. 2003
C. 2005
D. 2001
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Correct Answer: Option D

Explanation:
The Doha Development Agenda was launched in 2001.
This question belongs to: Economy GK Economy Set 1
Question #1808
The 'Bali Package' of WTO was adopted in which year?
A. 2015
B. 2013
C. 2011
D. 2017
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Correct Answer: Option B

Explanation:
The Bali Package was adopted in 2013.
This question belongs to: Economy GK Economy Set 1
Question #1809
The 'Nairobi Package' of WTO was adopted in which year?
A. 2013
B. 2015
C. 2019
D. 2017
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Correct Answer: Option B

Explanation:
The Nairobi Package was adopted in 2015.
This question belongs to: Economy GK Economy Set 1
Question #1810
The 'Trade Facilitation Agreement' of WTO entered into force in which year?
A. 2017
B. 2013
C. 2019
D. 2018
Discuss
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Correct Answer: Option A

Explanation:
The Trade Facilitation Agreement entered into force in 2017.
This question belongs to: Economy GK Economy Set 1
Question #1811
The 'International Labour Organization' headquarters is in:
A. Paris
B. New York
C. Rome
D. Geneva
Discuss
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Correct Answer: Option D

Explanation:
ILO headquarters is in Geneva.
This question belongs to: Economy GK Economy Set 1
Question #1812
The 'Food and Agriculture Organization' headquarters is in:
A. New York
B. Rome
C. Paris
D. Geneva
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Correct Answer: Option B

Explanation:
FAO headquarters is in Rome.
This question belongs to: Economy GK Economy Set 1
Question #1813
The 'World Health Organization' headquarters is in:
A. Rome
B. Geneva
C. Paris
D. New York
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Correct Answer: Option B

Explanation:
WHO headquarters is in Geneva.
This question belongs to: Economy GK Economy Set 1
Question #1814
The 'UNESCO' headquarters is in:
A. Geneva
B. Paris
C. New York
D. Rome
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Correct Answer: Option B

Explanation:
UNESCO headquarters is in Paris.
This question belongs to: Economy GK Economy Set 1
Question #1815
The 'UNCTAD' headquarters is in:
A. New York
B. Vienna
C. Geneva
D. Paris
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Correct Answer: Option C

Explanation:
UNCTAD headquarters is in Geneva.
This question belongs to: Economy GK Economy Set 1
Question #1816
The 'World Bank' headquarters is in:
A. New York
B. Paris
C. Washington D.C.
D. Geneva
Discuss
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Correct Answer: Option C

Explanation:
World Bank headquarters is in Washington D.C.
This question belongs to: Economy GK Economy Set 1
Question #1817
The 'International Monetary Fund' headquarters is in:
A. New York
B. Paris
C. Washington D.C.
D. Geneva
Discuss
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Correct Answer: Option C

Explanation:
IMF headquarters is in Washington D.C.
This question belongs to: Economy GK Economy Set 1
Question #1818
The 'World Trade Organization' headquarters is in:
A. Paris
B. New York
C. Geneva
D. Washington D.C.
Discuss
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Correct Answer: Option C

Explanation:
WTO headquarters is in Geneva.
This question belongs to: Economy GK Economy Set 1
Question #1819
The 'Bank for International Settlements' headquarters is in:
A. London
B. Geneva
C. Zurich
D. Basel
Discuss
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Correct Answer: Option D

Explanation:
BIS headquarters is in Basel.
This question belongs to: Economy GK Economy Set 1
Question #1820
The 'Asian Development Bank' headquarters is in:
A. Beijing
B. Tokyo
C. Singapore
D. Manila
Discuss
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Correct Answer: Option D

Explanation:
ADB headquarters is in Manila.
This question belongs to: Economy GK Economy Set 1
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