The 'Doha Round' of WTO negotiations began in which year? MCQ with Answer and Explanation

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The 'Doha Round' of WTO negotiations began in which year?

A. 2010

B. 2005

C. 2001

D. 1999

Answer: Option C

Solution (By JKSSB Mock Tests)

The Doha Round was launched in 2001.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Goods and Services Tax' on a transaction is payable by the:

A. supplier, except under reverse charge

B. government

C. buyer always

D. GST Council

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Correct Answer: Option A

Explanation:
Generally the supplier pays GST, but under reverse charge the recipient pays.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'United Nations Sustainable Development Solutions Network' publishes which report?

A. Human Development Report

B. Global Competitiveness Report

C. World Happiness Report

D. Global Hunger Index

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Correct Answer: Option C

Explanation:
UN SDSN publishes World Happiness Report.

This question belongs to: Economy GK Economy Set 1

Question #3

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A contractionary fiscal policy consists of:

A. increasing money supply

B. lowering interest rates

C. increasing government spending and cutting taxes

D. reducing government spending or increasing taxes

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Correct Answer: Option D

Explanation:
Contractionary fiscal policy reduces aggregate demand by cutting spending or raising taxes.

This question belongs to: Economy GK Economy Set 1

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