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. London

B. Geneva

C. Basel

D. Zurich

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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Question #1

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The 'Gross Value Added' at basic prices excludes:

A. depreciation

B. all taxes

C. net factor income from abroad

D. indirect taxes net of subsidies

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Correct Answer: Option D

Explanation:
GVA at basic prices is measured before net product taxes, so it excludes net indirect taxes.

This question belongs to: Economy GK Economy Set 1

Question #2

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Which of the following is NOT a type of market based on the degree of competition?

A. Monopoly

B. Perfect competition

C. Oligopoly

D. Barter market as a competition classification

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Correct Answer: Option D

Explanation:
Barter refers to exchange without money. Market structures based on competition are perfect competition, monopolistic competition, oligopoly and monopoly.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Evergreen Revolution' concept is associated with:

A. only organic farming

B. increasing fertilizer use

C. sustainable agriculture with high productivity

D. reducing crop diversity

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Correct Answer: Option C

Explanation:
Evergreen Revolution refers to sustainable agriculture while maintaining high productivity.

This question belongs to: Economy GK Economy Set 1

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