The 'European Central Bank' headquarters is in: MCQ with Answer and Explanation

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The 'European Central Bank' headquarters is in:

A. Frankfurt

B. Paris

C. Berlin

D. Brussels

Answer: Option A

Solution (By JKSSB Mock Tests)

ECB headquarters is in Frankfurt.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'unemployment rate' in India measured by PLFS is the percentage of unemployed among:

A. working-age population

B. total population

C. employed persons

D. labour force

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Correct Answer: Option D

Explanation:
Unemployment rate is unemployed as a percentage of the labour force.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'UDAY' scheme for power distribution companies was launched in:

A. 2017

B. 2016

C. 2015

D. 2014

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Correct Answer: Option C

Explanation:
UDAY was launched in 2015.

This question belongs to: Economy GK Economy Set 1

Question #3

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In the Keynesian model, the consumption function is given by C = a + bY, where 'b' represents:

A. Autonomous consumption

B. Average propensity to consume

C. Marginal propensity to save

D. Marginal propensity to consume

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Correct Answer: Option D

Explanation:
In the consumption function C = a + bY, 'a' is autonomous consumption and 'b' is the marginal propensity to consume (MPC).

This question belongs to: Economy GK Economy Set 1

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