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. Singapore

C. Tokyo

D. Beijing

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 'Goods and Services Tax' on wind turbines is:

A. 28%

B. 5%

C. 18%

D. 12%

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Correct Answer: Option B

Explanation:
Wind turbines attract 5% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

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The concept of 'Sunk Cost' is important because:

A. It increases with output in the long run

B. It is the only cost relevant for pricing

C. It should always be considered in future decision making

D. It is a cost that has already been incurred and should be ignored in future decisions

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Correct Answer: Option D

Explanation:
Sunk costs are costs that have already been incurred and cannot be recovered. Rational decision-making requires ignoring sunk costs and focusing on future (incremental) costs and benefits.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'National Health Policy' of India was last released in which year?

A. 2019

B. 2002

C. 2017

D. 2020

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Correct Answer: Option C

Explanation:
The National Health Policy was released in 2017.

This question belongs to: Economy GK Economy Set 1

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