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. Cairo

C. Nairobi

D. Abidjan

Answer: Option D

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

In the context of economic growth models, the Solow model emphasises the role of:

A. Only population growth

B. Only savings rate

C. Technological progress as the key driver of long-run growth

D. Only capital accumulation without technology

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Correct Answer: Option C

Explanation:
The Solow-Swan neoclassical growth model shows that long-run growth in per capita income is driven primarily by exogenous technological progress.

This question belongs to: Economy GK Economy Set 1

Question #2

Unified Payments Interface enables:

A. only government payments

B. only credit card payments

C. only cheque clearing

D. instant interbank transfer using a virtual payment address

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Correct Answer: Option D

Explanation:
UPI enables instant interbank transfers through virtual payment addresses using mobile devices.

This question belongs to: Economy GK Economy Set 1

Question #3

A perfectly inelastic demand curve has an elasticity of:

A. one

B. zero

C. greater than one

D. infinity

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Correct Answer: Option B

Explanation:
With perfectly inelastic demand, quantity demanded does not change as price changes; elasticity is zero.

This question belongs to: Economy GK Economy Set 1

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