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

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The 'European Central Bank' is headquartered in:

A. Brussels

B. Paris

C. Frankfurt

D. Berlin

Answer: Option C

Solution (By JKSSB Mock Tests)

The European Central Bank is headquartered in Frankfurt, Germany.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Which of the following is a characteristic of the 'Permanent Income Hypothesis' of consumption?

A. Consumption is independent of income

B. Only transitory income determines consumption

C. Consumption depends primarily on long-run average or permanent income

D. Consumption depends only on current income

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Correct Answer: Option C

Explanation:
According to Milton Friedman's permanent income hypothesis, individuals base their consumption on permanent (expected long-run) income rather than on current measured income.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'National Agricultural Cooperative Marketing Federation of India' is known as:

A. NABARD

B. NAFED

C. FCI

D. CACP

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Correct Answer: Option B

Explanation:
NAFED is the National Agricultural Cooperative Marketing Federation of India.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Trade Facilitation Agreement' of WTO entered into force in which year?

A. 2017

B. 2019

C. 2013

D. 2018

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Correct Answer: Option A

Explanation:
The Trade Facilitation Agreement entered into force in 2017.

This question belongs to: Economy GK Economy Set 1

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