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

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The 'Asian Development Bank' is headquartered in:

A. Tokyo

B. Beijing

C. Singapore

D. Manila

Answer: Option D

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

The concept of 'Fiscal Space' refers to:

A. Only the primary surplus

B. Only the revenue deficit

C. The room available for a government to increase spending or reduce taxes without endangering debt sustainability

D. The physical space occupied by government offices

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Correct Answer: Option C

Explanation:
Fiscal space is the budgetary room that allows a government to provide resources for desired purposes without compromising fiscal sustainability or crowding out private investment excessively.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'resource curse' is also called the:

A. liquidity trap

B. invisible hand

C. tragedy of commons

D. paradox of plenty

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Correct Answer: Option D

Explanation:
The resource curse is also known as the paradox of plenty.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is NOT a factor affecting the elasticity of demand?

A. Cost of production of the commodity

B. Nature of the commodity (necessity or luxury)

C. Availability of substitutes

D. Time period under consideration

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Correct Answer: Option A

Explanation:
Cost of production affects supply, not the elasticity of demand. Elasticity of demand depends on substitutes, nature of the good, income proportion, time, and habits.

This question belongs to: Economy GK Economy Set 1

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