The 'Financial Action Task Force' is an intergovernmental body that combats: MCQ with Answer and Explanation

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The 'Financial Action Task Force' is an intergovernmental body that combats:

A. inflation

B. unemployment

C. trade deficits

D. money laundering and terrorist financing

Answer: Option D

Solution (By JKSSB Mock Tests)

FATF combats money laundering and terrorist financing.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Reserve Bank of India' is headquartered in:

A. Kolkata

B. Chennai

C. Mumbai

D. New Delhi

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Correct Answer: Option C

Explanation:
The RBI headquarters is in Mumbai.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Budget Division' in India is a part of which ministry?

A. Ministry of Statistics

B. NITI Aayog

C. Ministry of Finance

D. Ministry of Commerce

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Correct Answer: Option C

Explanation:
Budget Division is part of the Department of Economic Affairs, Ministry of Finance.

This question belongs to: Economy GK Economy Set 1

Question #3

Gross National Product at market prices equals GDP at market prices:

A. plus depreciation

B. minus net factor income from abroad

C. minus depreciation

D. plus net factor income from abroad

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Correct Answer: Option D

Explanation:
GNP = GDP + net factor income from abroad.

This question belongs to: Economy GK Economy Set 1

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