The 'Asian Development Bank' headquarters is in: MCQ with Answer and Explanation

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The 'Asian Development Bank' headquarters is in:

A. Manila

B. Tokyo

C. Beijing

D. Singapore

Answer: Option A

Solution (By JKSSB Mock Tests)

ADB headquarters is in Manila.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The term 'Demonetisation' refers to:

A. Devaluation of currency

B. Withdrawal of a currency unit from legal tender status

C. Introduction of new currency notes

D. Printing of more currency notes

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Correct Answer: Option B

Explanation:
Demonetisation is the act of stripping a currency unit of its status as legal tender. In India, high denomination notes were demonetised in 2016.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Goods and Services Tax' on renting of residential property for residential use is:

A. exempt

B. 5%

C. 0%

D. 18%

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Correct Answer: Option A

Explanation:
Renting residential property for residential use is exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #3

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The concept of 'Capital Account Liberalisation' involves:

A. The imposition of new capital controls

B. Only the liberalisation of the current account

C. Only the liberalisation of trade in goods

D. The removal or relaxation of restrictions on cross-border capital flows

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Correct Answer: Option D

Explanation:
Capital-account liberalisation refers to the reduction or elimination of legal barriers to the free movement of capital across national borders.

This question belongs to: Economy GK Economy Set 1

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