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

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The 'Bank for International Settlements' is headquartered in:

A. Basel

B. London

C. Geneva

D. Zurich

Answer: Option A

Solution (By JKSSB Mock Tests)

The Bank for International Settlements is headquartered in Basel, Switzerland.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

In the context of economic theory, the 'Invisible Hand' suggests that:

A. Government planning is necessary for efficiency

B. Individuals pursuing self-interest can promote social welfare through market mechanism

C. Collective ownership is optimal

D. Markets always fail

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Correct Answer: Option B

Explanation:
Adam Smith's concept of the invisible hand argues that individuals seeking their own gain in competitive markets unintentionally promote the overall social good.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Special Economic Zones Act' was enacted in India in which year?

A. 2000

B. 2005

C. 2006

D. 2010

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Correct Answer: Option B

Explanation:
The SEZ Act was enacted in 2005.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Pradhan Mantri Suraksha Bima Yojana' provides insurance against:

A. health expenses

B. crop loss

C. accidental death and disability

D. unemployment

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Correct Answer: Option C

Explanation:
PMSBY provides accidental death and disability insurance.

This question belongs to: Economy GK Economy Set 1

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