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

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The 'Asian Development Bank' is headquartered in:

A. Singapore

B. Beijing

C. Manila

D. Tokyo

Answer: Option C

Solution (By JKSSB Mock Tests)

The Asian Development Bank is headquartered in Manila, Philippines.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

A negative externality occurs when:

A. social benefit exceeds private benefit

B. social cost exceeds private cost

C. private cost exceeds social cost

D. private benefit equals social benefit

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Correct Answer: Option B

Explanation:
A negative externality arises when social cost exceeds private cost, e.g. pollution.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'State Bank of India' was created in 1955 by amalgamating which bank?

A. Bank of Calcutta

B. Imperial Bank of India

C. Bank of Bombay

D. Bank of Madras

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Correct Answer: Option B

Explanation:
The State Bank of India was formed in 1955 by taking over the Imperial Bank of India.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Union Territory Goods and Services Tax Act' was passed in which year?

A. 2015

B. 2017

C. 2016

D. 2018

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Correct Answer: Option B

Explanation:
UTGST Act was passed in 2017.

This question belongs to: Economy GK Economy Set 1

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