The 'Asian Development Bank' was established in which year? MCQ with Answer and Explanation

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The 'Asian Development Bank' was established in which year?

A. 1966

B. 1995

C. 1971

D. 1944

Answer: Option A

Solution (By JKSSB Mock Tests)

The Asian Development Bank was established in 1966.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'e-Pathshala' is an initiative for:

A. railway reservation

B. digital textbooks and learning resources

C. online banking

D. tax payment

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Correct Answer: Option B

Explanation:
e-Pathshala provides digital textbooks and educational resources.

This question belongs to: Economy GK Economy Set 1

Question #2

Frictional unemployment is best described as:

A. unemployment due to seasonal agriculture

B. long-term unemployment due to skill mismatch

C. unemployment due to lack of demand

D. temporary unemployment during job search or transition

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Correct Answer: Option D

Explanation:
Frictional unemployment is temporary unemployment during job search or transition.

This question belongs to: Economy GK Economy Set 1

Question #3

Human capital formation mainly involves:

A. investment in education, health and skill development

B. increase in natural resources

C. increase in foreign exchange reserves

D. accumulation of physical capital

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Correct Answer: Option A

Explanation:
Human capital formation involves investment in education, health and skills.

This question belongs to: Economy GK Economy Set 1

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