The 'BIMSTEC' grouping includes countries from: MCQ with Answer and Explanation

Question

Share Report Error

The 'BIMSTEC' grouping includes countries from:

A. Europe

B. South Asia and Southeast Asia

C. Latin America

D. Africa

Answer: Option B

Solution (By JKSSB Mock Tests)

BIMSTEC includes countries from South Asia and Southeast Asia around the Bay of Bengal.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

The 'Goods and Services Tax' on mineral water is:

A. 5%

B. 12%

C. 18%

D. 28%

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Mineral water attracts 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of production theory, an isoquant represents:

A. Combinations of prices that maximise profit

B. Combinations of two goods that give the same utility

C. Combinations of two inputs that produce the same level of output

D. Combinations of income and consumption

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
An isoquant is a locus of points showing different combinations of two inputs that yield the same quantity of output.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' rate on readymade garments up to Rs 1,000 is:

A. 18%

B. 5%

C. 12%

D. 0%

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Readymade garments up to Rs 1,000 attract 5% GST.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs