The 'Basel Committee on Banking Supervision' is headquartered at: MCQ with Answer and Explanation

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The 'Basel Committee on Banking Supervision' is headquartered at:

A. Basel, Switzerland

B. Geneva

C. Washington D.C.

D. London

Answer: Option A

Solution (By JKSSB Mock Tests)

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

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Which of the following is a characteristic of the 'Classical Dichotomy'?

A. Money affects real output in the long run

B. Only fiscal policy is neutral

C. Real and nominal variables are determined separately and money is neutral

D. Real and nominal variables are always interdependent

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Correct Answer: Option C

Explanation:
The classical dichotomy is the proposition that real variables (output, employment, relative prices) are determined independently of nominal variables and that money is neutral in the long run.

This question belongs to: Economy GK Economy Set 1

Question #2

National Electronic Funds Transfer is used mainly for:

A. high-value real-time transfers only

B. stock market trading

C. batch-wise electronic transfer of retail funds

D. international remittances

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Correct Answer: Option C

Explanation:
NEFT settles retail fund transfers in batches, unlike RTGS.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'marginal propensity to consume' can never be greater than:

A. 2

B. infinity

C. 0.5

D. 1

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Correct Answer: Option D

Explanation:
MPC is the fraction of additional income consumed, so it ranges from 0 to 1.

This question belongs to: Economy GK Economy Set 1

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