The 'Bank for International Settlements' headquarters is in: MCQ with Answer and Explanation

Question

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The 'Bank for International Settlements' headquarters is in:

A. Zurich

B. London

C. Basel

D. Geneva

Answer: Option C

Solution (By JKSSB Mock Tests)

BIS headquarters is in Basel.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

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The term 'Moral Hazard' in economics refers to:

A. Change in behaviour after obtaining insurance

B. Asymmetric information before a contract

C. Equal risk sharing

D. Perfect information in markets

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Correct Answer: Option A

Explanation:
Moral hazard occurs when one party takes more risks because another party bears the cost, typically after a contract (e.g., insurance) is in place. Adverse selection occurs before the contract.

This question belongs to: Economy GK Economy Set 1

Question #2

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Treasury bills are issued by:

A. State governments only

B. SEBI

C. RBI on behalf of the Central Government

D. commercial banks

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Correct Answer: Option C

Explanation:
Treasury bills are short-term debt instruments issued by the RBI on behalf of the Central Government.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Goods and Services Tax' on inter-state supply is:

A. CGST

B. UTGST

C. IGST

D. SGST

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Correct Answer: Option C

Explanation:
Inter-state supplies attract IGST.

This question belongs to: Economy GK Economy Set 1

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