The 'Bank of England' is the central bank of: MCQ with Answer and Explanation

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The 'Bank of England' is the central bank of:

A. Germany

B. Canada

C. France

D. United Kingdom

Answer: Option D

Solution (By JKSSB Mock Tests)

The Bank of England is the central bank of the United Kingdom.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Bank for International Settlements' is headquartered in:

A. Geneva

B. London

C. Basel

D. Zurich

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Correct Answer: Option C

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

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Index of Eight Core Industries' comprises which proportion of the weight in the Index of Industrial Production?

A. 40%

B. 80%

C. 60%

D. 20%

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Correct Answer: Option A

Explanation:
The eight core industries have a combined weight of about 40.27% in the Index of Industrial Production.

This question belongs to: Economy GK Economy Set 1

Question #3

In India, the two most commonly used price indices for measuring inflation are:

A. BSE and NSE

B. WPI and CPI

C. GDP deflator and HDI

D. IIP and PMI

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Correct Answer: Option B

Explanation:
The Wholesale Price Index and Consumer Price Index are the two main inflation measures in India.

This question belongs to: Economy GK Economy Set 1

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