The 'African Development Bank' is headquartered in: MCQ with Answer and Explanation

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The 'African Development Bank' is headquartered in:

A. Johannesburg

B. Abidjan

C. Nairobi

D. Cairo

Answer: Option B

Solution (By JKSSB Mock Tests)

The African Development Bank is headquartered in Abidjan, Côte d'Ivoire.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The Doha Development Round of WTO negotiations primarily focused on:

A. exchange rate management

B. intellectual property only

C. military alliances

D. concerns of developing countries

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Correct Answer: Option D

Explanation:
The Doha Round focused on development concerns of developing countries.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'one rupee note' in India is issued by:

A. SBI

B. RBI

C. SEBI

D. Ministry of Finance, Government of India

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Correct Answer: Option D

Explanation:
The one rupee note is issued by the Government of India, not RBI.

This question belongs to: Economy GK Economy Set 1

Question #3

The concept of 'Creative Destruction' is associated with the work of:

A. John Maynard Keynes

B. David Ricardo

C. Adam Smith

D. Joseph Schumpeter

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Correct Answer: Option D

Explanation:
Joseph Schumpeter described creative destruction as the process by which innovation continuously revolutionises the economic structure from within, destroying old industries and creating new ones.

This question belongs to: Economy GK Economy Set 1

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