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

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The 'European Central Bank' headquarters is in:

A. Paris

B. Brussels

C. Frankfurt

D. Berlin

Answer: Option C

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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Which of the following is NOT a function of the World Trade Organisation?

A. Settling trade disputes

B. Providing long-term development finance

C. Providing a forum for trade negotiations

D. Administering trade agreements

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Correct Answer: Option B

Explanation:
Long-term development finance is the function of the World Bank. The WTO deals with trade rules, negotiations and dispute settlement.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'International Financial Services Centre' in India is located at:

A. Mumbai

B. GIFT City, Gandhinagar

C. Bengaluru

D. Hyderabad

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Correct Answer: Option B

Explanation:
India's first IFSC is in GIFT City, Gandhinagar, Gujarat.

This question belongs to: Economy GK Economy Set 1

Question #3

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In the context of monetary economics, the 'Money Multiplier' is:

A. The ratio of broad money to reserve money

B. The ratio of exports to imports

C. The ratio of fiscal deficit to GDP

D. The ratio of investment to saving

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Correct Answer: Option A

Explanation:
The money multiplier is the ratio of the stock of broad money (such as M3) to the stock of reserve money, reflecting the extent of credit creation by the banking system.

This question belongs to: Economy GK Economy Set 1

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