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

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The 'Asian Development Bank' headquarters is in:

A. Singapore

B. Beijing

C. Tokyo

D. Manila

Answer: Option D

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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Which of the following is a characteristic of a monopoly?

A. Free entry and exit

B. Homogeneous product with many sellers

C. Single seller and no close substitutes

D. Large number of sellers

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Correct Answer: Option C

Explanation:
Monopoly is characterised by a single seller of a product that has no close substitutes, with barriers to entry.

This question belongs to: Economy GK Economy Set 1

Question #2

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Monetization of deficit refers to:

A. increasing foreign aid

B. RBI directly purchasing government securities, increasing money supply

C. government selling securities to banks and public

D. reducing fiscal deficit

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Correct Answer: Option B

Explanation:
Monetization of deficit occurs when the central bank directly purchases government securities, creating money.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Goods and Services Tax' rate on sugar is:

A. 12%

B. 0%

C. 5%

D. 18%

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Correct Answer: Option C

Explanation:
Sugar attracts 5% GST.

This question belongs to: Economy GK Economy Set 1

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