The 'BRICS' group originally included Brazil, Russia, India, China and: MCQ with Answer and Explanation

Question

Share Report Error

The 'BRICS' group originally included Brazil, Russia, India, China and:

A. South Korea

B. Indonesia

C. South Africa

D. Turkey

Answer: Option C

Solution (By JKSSB Mock Tests)

BRICS consists of Brazil, Russia, India, China and South Africa.

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

In the context of monetary policy, 'Forward Guidance' refers to:

A. Communication by the central bank about the likely future path of policy rates

B. Only reserve requirements

C. Only changes in the current policy rate

D. Only quantitative easing

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
Forward guidance is a policy tool in which the central bank communicates its intentions regarding the future path of the policy rate or other policy instruments in order to influence longer-term rates and expectations.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'International Monetary Fund' and 'World Bank' are both headquartered in:

A. Geneva

B. Paris

C. Washington D.C.

D. New York

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Both the IMF and World Bank are headquartered in Washington D.C., USA.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is not included in the calculation of Gross Domestic Product at market prices?

A. Old age pension paid by government

B. Government final consumption expenditure

C. Final consumption expenditure of households

D. Gross fixed capital formation

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
Old age pension is a transfer payment and is not a payment for current production, hence it is excluded from GDP.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs