The 'Economic and Social Council' is one of the principal organs of: MCQ with Answer and Explanation

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The 'Economic and Social Council' is one of the principal organs of:

A. IMF

B. WTO

C. World Bank

D. United Nations

Answer: Option D

Solution (By JKSSB Mock Tests)

The Economic and Social Council is a principal organ of the United Nations.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Goods and Services Tax' on municipal services is:

A. 0%

B. 5%

C. exempt for basic municipal services

D. 18%

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Correct Answer: Option C

Explanation:
Basic municipal services are exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Integrated Child Development Services' scheme was launched in:

A. 1985

B. 1995

C. 1975

D. 1965

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Correct Answer: Option C

Explanation:
ICDS was launched in 1975.

This question belongs to: Economy GK Economy Set 1

Question #3

The concept of 'Tragedy of the Commons' illustrates:

A. The overuse of a common-pool resource when property rights are not well defined

B. The efficient use of private goods

C. The under-provision of public goods only

D. The benefits of free access to all resources

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Correct Answer: Option A

Explanation:
The tragedy of the commons describes the tendency for a shared, non-excludable but rivalrous resource to be over-exploited when individual users do not bear the full social cost of their actions.

This question belongs to: Economy GK Economy Set 1

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